Gn Store Nord A/s · OMXCOP:GN
Gn Store Nord A/s — Merger or Acquisition (March 2026)
17 slides from Gn Store Nord A/s's merger presentation, Mar 16, 2026
Slide 1: GN Store Nord to sell its Hearing business to Amplifon
GN Store Nord to sell its Hearing business to Amplifon Unlocking shareholder value March 16, 2026
Slide 2: Safe Harbor Statement
Safe Harbor Statement The forward-looking statements in this report reflect the management's current expectations of certain future events and financial results. Statements regarding the future are, naturally, subject to risks and uncertainties, which may result in considerable deviations from the o
Slide 3: Agenda
Introduction & rationale Agenda Combining GN’s Hearing business and Amplifon Driving shareholder value Use of proceeds and financial guidance 3
Slide 4: Unlocking shareholder value
Unlocking shareholder value Sale of the Hearing business to Amplifon for a total consideration of DKK 17 billion Creating a global integrated leader in audiology Allowing GN to focus on attractive market opportunities across Enterprise and Gaming Strengthens the balance sheet and brings investment c
Slide 5: Process leading to the milestone transaction
Process leading to the milestone transaction Over the years, GN has received several unsolicited expressions of interest and engaged in exploratory discussions One of these led to Amplifon making a financially and strategically compelling proposal – while having a high degree of deal certainty After
Slide 6: Agenda
Introduction & rationale Agenda Combining GN’s Hearing business and Amplifon Driving shareholder value Use of proceeds and financial guidance 6
Slide 7: GN to sell its Hearing business to Amplifon, to form the leading vertically integrated audiology platform globally
GN to sell its Hearing business to Amplifon, to form the leading vertically integrated audiology platform globally Hearing business High-quality, innovative hearing care Cutting-edge product technology and clinical insights DKK 7.2bn FY 2025 revenue DKK 17.9bn2 FY 2025 revenue DKK 1.2bn FY 2025 prof
Slide 8: Combination of GN's Hearing business & Amplifon will create a global vertically integrated leader in audiology
Combination of GN’s Hearing business & Amplifon will create a global vertically integrated leader in audiology Innovative, patient- Powerful growth centric products and Deep clinical expertise platform services More than 700 R&D High-quality hearing care >20,000 employees with professionals, and ove
Slide 9: Key transaction highlights
Key transaction highlights 1 TOTAL CONSIDERATION ⚫ DKK 17.0bn ⚫ DKK 12.6bn cash 2 CONSIDERATION STRUCTURE ⚫ 56 million shares worth DKK 4.4bn1 ⚫ Creating a global vertically integrated leader in audiology 3 STRATEGIC RATIONALE ⚫ GN to be granted one seat on Amplifon’s board ⚫ Expected to complete by
Slide 10: Agenda
Introduction & rationale Agenda Combining GN’s Hearing business and Amplifon Driving shareholder value Use of proceeds and financial guidance 10
Slide 11: Key priorities until closing
Key priorities until closing Successfully and cost efficient carve out Further sharpen focused strategy and of the Hearing business growth plan for GN Perimeter to be carved-out TECHNOLOGY ⚫ The entire Hearing business LEADERSHIP ⚫ ReSound, Beltone and other hearing brands ⚫ All hearing product IP,
Slide 12: Strong market and innovation positions in place to capture significant market shares in the years to come
Strong market and innovation positions in place to capture significant market shares in the years to come Enterprise Gaming 80% of Fortune 100 use Jabra Defense 3–4 million active users Data-enabling soldiers 25 years of industry-first innovations Headsets and control units Jabra Evolve 3 Jabra Pana
Slide 13: GN operates a well diversified business across geographies and markets
GN operates a well diversified business across geographies and markets 2025 revenue distribution – product categories 2025 revenue distribution – geographical split Enterprise headsets ~60% Europe ~30% North America ~50% Rest of World Gaming ~30% ~20% Meeting room video & audio ~5% Frontline workers
Slide 14: Agenda
Introduction & rationale Agenda Combining GN’s Hearing business and Amplifon Driving shareholder value Use of proceeds and financial guidance 14
Slide 15: Use of proceeds from the transaction
Use of proceeds from the transaction 1 2 3 Invest in the Significantly Return capital to ongoing reduce debt shareholders business 15
Slide 16: 2026 financial guidance
2026 financial guidance ▪ The Hearing business will be classified as discontinued operations and associated assets and liabilities as held-for-sale ▪ GN’s 2026 financial guidance now excludes discontinued operations and therefore only reflects the Enterprise and Gaming business ▪ To drive the necess
Slide 17: Q&A
Q&A 17