Gn Store Nord A/s · OMXCOP:GN
Gn Store Nord A/s — Shareholder Meeting (March 2026)
27 slides from Gn Store Nord A/s's shareholder meeting presentation, Mar 11, 2026
Slide 1: Annual General Meeting 2026
Annual General Meeting 2026 The meeting will be broadcast live on Wednesday March 11, at 10:00 CET (Online viewers encouraged to check audio reception - music is played while we wait)
Slide 2: Welcome
Welcome GN’s Annual General Meeting March 11, 2026 Introduction by Chair of the Board of Directors Jukka Pekka Pertola
Slide 3: Agenda
1. The Board’s report on the company’s activities in 2025 2. Submission of the audited Annual Report for approval 3. Resolution of discharge to the Board and Executive Management 4. Decision on application of profits or covering of losses 5. Presentation of and advisory vote regarding the Remunerati
Slide 4: The Board of Directors' report on the company's activities in 2025
1. The Board of Directors’ report on the company’s activities in 2025 Key highlights in 2025 Agenda Chair of the Board of Directors Jukka Pekka Pertola 4
Slide 5: Solid performance in a challenging year
Solid performance in a challenging year Group financial highlights Revenue (DKK) -1% organic revenue growth 16.8bn Reported EBITA (DKK) 11.4% EBITA margin 1.9bn Free cash flow excl. M&A (DKK) 1.1bn Reduction in net interest-bearing debt (DKK) vs 2024 0.8bn 5
Slide 6: On track to meeting our sustainability targets
On track to meeting our sustainability targets Reduction in Scope 1 Reduction in Scope and 2 carbon emissions vs 2021* 53% 3 carbon emissions vs 2021* 33% People with hearing loss helped vs 11.2 million in 2024 12.1m Women in GN’s AGM-elected women Senior Leadership 31% on GN’s Board 43% ESG rating
Slide 7: Dividends and share buy back
Dividends and share buy back Dividend and share buyback policy • GN aims to pay out a dividend corresponding to 15 - 25% of the annual net profit and to distribute additional excess cash to shareholders through share buyback programs • GN’s long-term capital structure targets net interest-bearing de
Slide 8: Remuneration of Executive Management
Remuneration of Executive Management • GN uses Mercer IPE and benchmarks with other large 1. Fixed pay: increase corresponding to general salary Danish companies to establish the correct market increase among Danish employees benchmarks 2. Short-term incentives: pay out according to performance on f
Slide 9: Board remuneration
Board remuneration Total Board remuneration 2025: DKK 9.583 million Fee structure • Members receive 1 time the base fee Base fees (DKK) 2025 Proposed 2026 • Board Chair receives 3 times the base Board 545,000 545,000 • Board Deputy Chair receives 2 times the base fee • In Committees, members receive
Slide 10: Board evaluation 2025
Board evaluation 2025 Process and conclusion of the 2025 Board evaluation • 2025 Board self-evaluation with assistance of external advisor • Input from all Board members and seven executives General conclusions • Good working relationship and constructive dialogue - Board empowered to express though
Slide 11: Current Board of Directors
Current Board of Directors From left: Claus Lise Cathrin Inge Leo Larsen Kim Vejlby Jukka Hélène Klaus Holse Jørgen Charlotte Holmbeck- Skaarup Hansen Employee Hansen Pekka Barnekow Deputy chair Bundgaard Johs Madsen Mortensen Employee elected Pertola Hansen Employee elected elected Chair 11 11
Slide 12: Employee elected members of the Board
Employee elected members of the Board Members the past four years Members the next four years Leo Larsen Cathrin Inge Jens Lasse Emil Hansen Kirkelund Holmegaard Korff Claus Holmbeck- Anders Roikjær Madsen 12
Slide 13: Business highlights and market outlook
Business highlights and Agenda market outlook CEO Peter Karlstromer 13
Slide 14: Solid performance in a challenging year while strengthening business fundamentals
Solid performance in a challenging year while strengthening business fundamentals Group financial highlights Organic growth rates Revenue (DKK) 16.8bn Group: -1% Reported EBITA (DKK) 11.4% EBITA margin 1.9bn Hearing: 5% Free cash flow excl. M&A (DKK) 1.1bn Enterprise: -6% Reduction in net interest-b
Slide 15: Hearing: Strong growth momentum driven by innovation and commercial excellence
Hearing: Strong growth momentum driven by innovation and commercial excellence Organic growth assumption for 2026: 3-7% Healthy growing hearing aid market (DKKbn)1 Current momentum to be fuelled by ReSound Vivia and 2026 launches • ReSound Vivia platform: yet another +4% CAGR pioneer for growth in H
Slide 16: Enterprise: Technology shifts have been the primary reason for headset adoption
Enterprise: Technology shifts have been the primary reason for headset adoption 2014 Trends to impact the next 2015 penetration wave 2016 Increased adoption of UC platforms The UC 2017 Revolution Enterprise grade headset 99% Say poor sound impacts online meetings1 2018 penetration ~10% 2019 2020 Wor
Slide 17: Enterprise: Evolve3 is first true cross-over headset
Enterprise: Evolve3 is first true cross-over headset - delivering professional grade performance while significantly improving design & comfort Organic growth assumption for 2026: 0-6% Evolve3 - The best headset for modern work Effortless device mgt & Enhanced comfort certified security with - up to
Slide 18: Gaming: Continuing to win in an attractive market, while driving margin expansion
Gaming: Continuing to win in an attractive market, while driving margin expansion Organic growth assumption for 2026: 7-13% SteelSeries innovation drive market share gains1 Factors supporting growth in 2026... ...while driving sustainable margin initiatives 17% Continued strong underlying market Gam
Slide 19: 2026 financial guidance for the GN Group
2026 financial guidance for the GN Group organic 3% revenue 11.5% EBITA to 7% growth to 13.5% margin 19
Slide 20: Agenda
1. The Board’s report on the company’s activities in 2025 2. Submission of the audited Annual Report for approval 3. Resolution of discharge to the Board and Executive Management 4. Decision on application of profits or covering of losses 5. Presentation of and advisory vote regarding the Remunerati
Slide 21: Agenda items 1-4
Agenda items 1-4 1. The Board’s report on the company’s activities in 2025 The Board proposes that the report is noted by the general meeting. 2. Submission of the audited Annual Report 2025 for approval The Board proposes that the Annual Report (available at www.gn.com) is approved. 3. Resolution o
Slide 22: Agenda item 5
Agenda item 5 Presentation of and advisory vote regarding the Remuneration Report GN’s Remuneration Report 2025 is available on the company’s website • Prepared in accordance with applicable rules and regulations as well as the Danish Recommendations on Corporate Governance • Covers Board and Execut
Slide 23: Agenda item 6
Agenda item 6 Approval of remuneration to the Board of Directors for the current financial year Total Board remuneration 2025: DKK 9.583 million Fee structure • Members receive 1 time the base fee Base fees (DKK) 2025 Proposed 2026 • Board Chair receives 3 times the base Board 545,000 545,000 • Boar
Slide 24: Agenda item 7
Agenda item 7 Election of members to the Board of Directors a. Decision on the number of members of the Board of Directors to be elected • GN’s Articles of Association requires five to nine Board members to be elected by the General Meeting • The Board proposes that six members are elected by this A
Slide 25: Agenda item 8
Agenda item 8 Election of a state-authorized public accountant to serve until the company’s next Annual General Meeting • Recommended by the Audit Committee, the Board proposes re-election of PricewaterhouseCoopers (PwC) in respect of statutory financial and sustainability reporting • The Audit Comm
Slide 26: Agenda item 9-11
Agenda item 9-11 Proposals 9. Proposal from the Board of Directors to authorize the Board of Directors to acquire treasury shares • GN currently has a holding of around 5.3 million treasury shares (approx. 3.5% of the share capital) • The Board proposes to be authorized to allow the company and its
Slide 27: Thank you
Thank you 27