GN Store Nord A/S (GNNDY) Discusses Sale of Hearing Business to Amplifon and Strategic Refocus on Technology Innovation March 16, 2026 7:00 AM EDT
Company Participants
Rune Sandager – Head of Investor Relations
Jukka Pertola
Peter Karlstromer – Chief Executive Officer
Soren Jelert – Chief Financial Officer
Conference Call Participants
Carsten Madsen – Danske Bank A/S, Research Division
Andjela Bozinovic – BNP Paribas, Research Division
Jack Reynolds-Clark – RBC Capital Markets, Research Division
Veronika Dubajova – Citigroup Inc., Research Division
Niels Granholm-Leth – DNB Carnegie, Research Division
Martinien Rula – Jefferies LLC, Research Division
David Adlington – JPMorgan Chase & Co, Research Division
Susannah Ludwig – Bernstein Institutional Services LLC, Research Division
Presentation
Rune Sandager
Head of Investor Relations
Hello, everyone, and welcome to this conference call in relation to GN’s announced sale of our Hearing business to Amplifon. Participating in today’s call is our Chair of the Board of Directors, Jukka Pertola; Group CEO, Peter Karlstromer; Group CFO, Soren Jelert; and myself, Rune Sandager, Head of Investor Relations.
After the presentation, we will turn to a Q&A session. The presentation is already uploaded on gn.com. And with that, I’m happy to hand over to Jukka for some introductory remarks about the transaction.
Jukka Pertola
Thank you, Rune. And also from my side, a warm welcome to everybody for this conference call, which is in connection with the — for us, at least, very exciting news, which we have announced today. As you know, we have agreed to sell the Hearing business to Amplifon for a total consideration of DKK 17 billion. With this transaction, we are creating a global integrated leader in audiology with benefits for our patients, partners, employees and shareholders.
And for the remaining GN business, this is a very good opportunity to become a more focused technology innovation leader with attractive opportunities across markets in