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Initiation of new share buyback program


Initiation of new share buyback program
GN Store Nord A/S
Ballerup, DENMARK
Based on the continued solid business performance and GN’s capital structure policy, and in accordance with the authorization granted to the Board of Directors at the annual general meeting on March 17, 2021, GN intends to buy back shares worth DKK 2,500 million.
GN’s new share buyback program of up to a total value of DKK 2,400 million will be initiated today and concluded no later than March 8, 2022. In addition, GN intends to purchase DKK 100 million worth of shares from GN Store Nord Fondet under a bilateral agreement.
The purpose of the share buyback program is to reduce the company’s share capital and to cover obligations under the long-term incentive program. At the initiation of the share buyback program, GN holds 8,299,342 treasury shares, corresponding to 6% of the total share capital. ....

Gn Store Nord Fondet , Nord Fondet , Copenhagen Stock Exchange Gn , Gn Store Norda S , கோபெந்ஹேகந் ஸ்டாக் பரிமாற்றம் ஞ் ,

Annual Report 2020: Navigating safely through rough waters GN Hearing -24%, GN Audio +42%, GN Store Nord +9% organic revenue growth GN Store Nord EBITA of DKK 1,866 million and Free Cash Flow of DKK 1,865 million


EBITA of DKK 1.9 billion and EPS was DKK 9.72
Free cash flow excl. M&A was DKK 1.9 billion and net interest-bearing debt was 1.8x EBITDA
GN Store Nord managed the unprecedented challenges well in 2020. In a year when the entire world was heavily burdened by the global pandemic, GN adjusted appropriately, never compromising on innovation, launching multiple well-received state-of-the-art products, and managing expenditure diligently.
In 2020, GN Store Nord was affected in three ways by COVID-19: (i) Various impact on production capacity and supply of components from subcontractors in H1 2020, (ii) GN Audio experienced strong demand as enterprises invested in employees working from home, and (iii) GN Hearing was impacted by lockdowns and local restrictions impacting demand. The impact of the pandemic obviously influenced GN Hearing in a completely different way than GN Audio, and we see having the two businesses under one roof as a position of strength for the company. ....

United States , Henriette Wennicke , Lars Otto Andersen Lange , Cour Gormsen , Gitte Aabo , Nasdaq Copenhagen , Gn Store Nord , Gn Group , Head Of Media Relations Corporate Public Affairs , Annual General , Annual General Meeting , Unified Communications , Investor Relations , Media Relations , Corporate Public , Hear More , Copenhagen Stock Exchange Gn , Gn Store Norda S , ஒன்றுபட்டது மாநிலங்களில் , லார்ஸ் ஒட்தோ ஆண்டர்சன் லாங்கே , நீதிமன்றம் கொர்முசேன் , நாஸ்டாக் கோபெந்ஹேகந் , ஞ் கடை நார்ட் , ஞ் குழு , தலை ஆஃப் மீடியா உறவுகள் பெருநிறுவன பொது வாழ்க்கைத்தொழில்கள் , ஆண்டு ஜநரல் ,