GN Store Nord AS

GN: XCSE (DNK)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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GN Store Earnings: Market Share Gains and Solid Margins in a Challenging Macro Environment

Max Jousma

Aug 21, 2025

GN Store Nord reported second-quarter 2025 results in line with PitchBook consensus, with sales falling 8% year over year due to currency and wind-down effects. Excluding these, organic growth was flat. The adjusted EBITDA margin rose to 13.1% from 8.3%. Shares are up 10%-plus intraday.

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GN Store Nord AS

GN Store Earnings: Market Share Gains and Solid Margins in a Challenging Macro Environment

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