GN Q1 EBITA drops 95% to DKK 6 million; revenue falls 8% to DKK 2,096 million
- GN Store Nord Q1 2026 group adj. EBITA from continuing operations slid 95% to DKK 6 million, with adj. EBITA margin narrowing 5.4 percentage points to 0.3%.
- Revenue from continuing operations fell 8% to DKK 2.1 billion, while organic growth improved to -4% from -12%.
- Enterprise revenue dropped 9% to DKK 1.52 billion, with divisional profit margin contracting 4.2 percentage points to 28.7% on annualization of tariffs, an inventory provision tied to a US warehouse move, and higher selling and distribution costs linked to the Evolve3 rollout.
- Gaming revenue decreased 6% to DKK 580 million, with divisional profit margin edging up 0.6 percentage points to 11%.
- Guidance update for 2026 continuing operations calls for organic revenue growth of 0%-6% and adj. EBITA margin of 8%-9%, with structural run-rate cost savings of about DKK 200 million targeted to lift margins in 2027 and beyond.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. GN Store Nord A/S published the original content used to generate this news brief on May 06, 2026, and is solely responsible for the information contained therein.
