Today at 11:00 CET, GN Store Nord hosts its 2024 Capital Markets Day at our headquarters in Ballerup, Denmark, for investors and analysts. The event will be open to all interested and for both in-person and online attendance.
The event will be centered around presentations by GN’s Executive Leadership Team along with Q&A sessions and will cover strategy updates and deeper insights into the business potential.
Over the past eight months, GN has undergone a significant transformation to establish a simpler governance structure with a more streamlined and customer-focused organizational setup. Today, we are organized in three focused divisions with accountability for customer and business success: Hearing, Enterprise, and Gaming & Consumer. These divisions are supported by strong functions to drive scale across the company: R&D, Operations, Finance, People & Culture, IT, and Strategy & Transformation.
Working more seamlessly together will support an acceleration of our innovation output, harvesting scale benefits, becoming a best-place-to-work company, and delivering attractive value creation.
The Capital Markets Day will focus on how we can further expand our competitive positions in attractive markets, returning to growth and increasing margins by leveraging our unique capabilities and strengths.
High level agenda for the day
|
11:00 |
Unfolding GN’s value potential |
Peter Karlstromer - Chief Executive Officer |
|
11:30 |
Driving success across our divisions |
Scott Davis - President, Hearing division Calum MacDougall - President, Enterprise division Ehtisham Rabbani - President, Gaming & Consumer division |
|
15.00 |
Winning through One-GN - Customer centric innovation - Agile and scalable operations |
Christoph Schmid - Chief Research and Development Officer Brian Dam Pedersen - Chief Technology Officer Ann Fogelgren - Chief Information Officer Stefan Bergfors - Chief Operation Officer |
|
16:30 |
Financial aspirations 2025-28 |
Søren Jelert - Chief Financial Officer |
Key themes at today’s Capital Markets Day
Under the theme, Unfolding GN’s value potential, today’s Capital Markets Day will uncover how GN is enhancing communication between people, and create value and growth by leveraging the Group’s unique capabilities and global scale across attractive markets.
The key themes to be uncovered are:
Financially, GN is committed to shareholder value creation, to focus on attractive markets, increase market shares, grow the business with healthy margins, allocate capital to generate good returns, and to deleverage through strong cash flows. As a consequence of the transformation to a simpler governance structure, GN has aligned its financial aspirations to the new organizational setup. Reflecting on market growth expectations and the continued aspiration for market share gains across the businesses, GN targets a 5-8% CAGR organic revenue growth from 2024 to 2028. Considering the current FX environment (including a much stronger USD in recent years), the strong margin focus and group wide synergies, GN targets an EBITA margin at group level of 16-17% by 2028 – in line with historical targets in the former segments. At the same time, GN continues to target a debt leverage of 2.0x.
Practicalities
For in-person attendance, arrival and registration opens at 10:00 CET. The event commences at 11:00 at GN headquarters, Lautrupbjerg 7, Ballerup. The event will be broadcasted live via: https://tcstream.tv/gn/240507/jksi8uS.html. A replay version will also be available on GN.com and all presentations will be available on GN’s website shortly.
For further information, please contact:
Investor Relations
Rune Sandager +45 45 75 92 57
Media Relations
Steen Frentz Laursen +45 20 65 34 20
Forward-looking statements
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 outlook set forth. Furthermore, some of these expectations are based on assumptions regarding future events, which may prove incorrect. Changes to such expectations and assumptions will not be disclosed on an ongoing basis, unless required pursuant to general disclosure obligations to which GN is subject.
Factors that may cause actual results to deviate materially from expectations include – but are not limited to – general economic developments and developments in the financial markets as well as foreign exchange rates, technological developments, changes and amendments to legislation and regulations governing GN’s markets, changes in the demand for GN's products, competition, fluctuations in sub-contractor supplies, and developments in ongoing litigation (including but not limited to class action and patent infringement litigation in the United States).
For more information, please see the "Management's report" and "Risk management” sections in the Annual Report. This Report should not be considered an offer to sell securities in GN.
About GN
GN brings people closer through our leading intelligent hearing, audio, video, and gaming solutions. Inspired by people and driven by innovation, we deliver technologies that enhance the senses of hearing and sight. We help people with hearing loss overcome real-life challenges, improve communication and collaboration for businesses, and provide great experiences for audio and gaming enthusiasts. GN was founded more than 150 years ago with a vision to connect the world. Today, inspired by our strong heritage, GN touches more lives than ever with our unique expertise and the broadest portfolio of products and services in our history – bringing people closer to what is important to them.
We market our solutions with the brands Jabra, ReSound, SteelSeries, Beltone, Interton, BlueParrott, Danavox, and FalCom in 100 countries. Founded in 1869, GN Group employs more than 7,000 people and is listed on Nasdaq Copenhagen (GN.CO).
Visit our homepage GN.com and connect with us on LinkedIn, Facebook and X.