GN Store Nord Q4-25: Steady as she goes
On report day, the market wiped 15% off the stock over short-term guidance fears. But are investors ignoring the underlying cash engine? Here is the Fjord Alpha take.
GN Store Nord has become a forgotten and heavily shorted Danish stock. The broader market has essentially left it for dead, yet beneath the surface, management is successfully executing a structural turnaround that is clearly not priced in.
Let’s look at what the Q4 report actually tells us.
When GN released its Q4 2025 numbers, the stock initially ticked up in early trading. The raw data looked solid, GN delivered massive free cash flow and market-share-grabbing growth in its core Hearing division. But during the day, the sentiment violently reversed. The stock ultimately closed down 15% for the day and continues to hover around 98 DKK.
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