GN HEARING A/S — Credit Rating and Financial Key Figures

CVR number: 55082715
Lautrupbjerg 7, 2750 Ballerup
tel: 72111889

Company information

Official name
GN HEARING A/S
Personnel
710 persons
Established
1957
Company form
Limited company
Industry

About GN HEARING A/S

GN HEARING A/S (CVR number: 55082715K) is a company from BALLERUP. The company reported a net sales of 4609.6 mDKK in 2023, demonstrating a growth of 8.4 % compared to the previous year. The operating profit percentage was at 6.6 % (EBIT: 303.1 mDKK), while net earnings were 381.9 mDKK. The profitability of the company measured by Return on Assets (ROA) was 10 %, which can be considered good and Return on Equity (ROE) was 10.4 %, which can be considered good. The equity ratio, a key indicator for solidity, stood at 65.7 %, a level that can be considered to be good. This shows that a large part of the company's assets are funded by shareholders' equity, reducing financial risk. GN HEARING A/S's liquidity measured by quick ratio was 0.6 which is at a low level. Thus, the company may face difficulties in addressing its short-term obligations with its available liquid assets.

Financial information

See financials

Net sales (mDKK)

EBIT (mDKK)

Profitability

Solidity

Key figures (mDKK)

See financials
2019
2020
2021
2022
2023
Volume
Net sales3 722.702 627.383 554.534 250.684 609.59
Gross profit1 838.19897.091 487.091 485.421 675.52
EBIT699.54- 304.12115.82172.54303.08
Net earnings- 298.77-90.86110.61542.73381.88
Shareholders equity total4 614.123 656.713 883.033 498.313 867.44
Balance sheet total (assets)5 834.045 382.185 105.165 711.195 887.00
Net debt568.79990.13727.461 561.291 354.24
Profitability
EBIT-%18.8 %-11.6 %3.3 %4.1 %6.6 %
ROA16.1 %-1.3 %2.9 %11.1 %10.0 %
ROE-6.4 %-2.2 %2.9 %14.7 %10.4 %
ROI17.8 %-1.5 %3.3 %12.3 %11.1 %
Economic value added (EVA)482.34- 213.55142.31205.03266.63
Solvency
Equity ratio79.1 %67.9 %76.1 %61.3 %65.7 %
Gearing13.6 %28.3 %18.8 %44.7 %35.0 %
Relative net indebtedness %31.2 %64.0 %34.4 %52.0 %43.8 %
Liquidity
Quick ratio0.90.40.70.50.6
Current ratio1.10.61.00.70.8
Cash and cash equivalents58.9544.610.840.790.01
Capital use efficiency
Trade debtors turnover (days)15.019.621.627.923.6
Net working capital %2.9 %-23.9 %-0.4 %-15.2 %-6.4 %
Credit risk
Credit ratingAAAAAAAAA

Variable visualization

ROA:9.98%
Rating: 57/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:65.7%
Rating: 50/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Board member
Board member
Board member

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