William Demant Holding is a holding company. Through its subsidiaries, Co develops, manufactures and sells products and equipment designed to aid the hearing and communication of individuals. Co. focuses on four areas: Hearing Devices, Diagnostic Instruments, Hearing Implants and Personal Communication. Co.'s hearing devices include Oticon, Bernafon, Sonic, Phonic Ear, and FrontRow. Co.'s Hearing implant consist of Oticon Medical. Co.'s diagnostic instruments include Maico, Interacoustics, Amplivox, Grason-Stadler, MedRx, and Micromedical. Co.'s personal communication consists of Sennheiser Communications.
  • TickerDEMANT
  • ISINDK0060738599
  • ExchangeNasdaq Nordic Copenhagen
  • SectorHealth Care Equipment & Services
  • CountryDenmark
Benjamin Silverstone ...
  • Jannick Lindegaard Denholt

Demant - Feedback from conference call with CEO

Conference call with a still optimistic CEO, but… …also a still cautious CEO in terms of recovery pace Many uncertainties persist due to COVID-19. HOLD

Alexander Aukner ...
  • David Martinsson
  • Helene Kvilhaug Brøndbo
  • Jon Masdal
  • Karl-Johan Bonnevier
  • Martin Arnell
  • Martin Huseby Karlsen
  • Mattias Holmberg
  • Nicolay Dyvik
  • Ole Martin Westgaard
  • Ole-Andreas Krohn
  • Rune Majlund Dahl

Eventful start to 2020

Casper Blom ...
  • Jannick Lindegaard Denholt
  • Mads Thinggaard
  • Olof Cederholm
  • Øystein Elton Lodgaard
  • Patrik Brattelius
  • Petter Nystrøm

Talking Points - NKT (Hold): German award paving the way for debt fix

Tomra (Hold) Post-results comment: Order backlog creates a buffer Q1 2020 was better than expected Looking to strengthen its balance sheet

Benjamin Silverstone ...
  • Jannick Lindegaard Denholt

Demant - Taking it day by day as uncertainty remains

Demant sees current revenue levels as the low point… …but also sees low visibility as to when this will improve Short-term uncertainty remains; HOLD reiterated

Rune Majlund Dahl

Demant (Buy, TP: DKK200.00) - Covid-19 impact dragging on

The impact of Covid-19 now looks less severe in H1 and 2020 than we expected, but we now assume a protracted recovery. Thus, we no longer assume pent-up demand for 2021 and now expect volume growth in line with the underlying market next year. We reiterate our BUY and DKK200 target price.

Dave Nicoski ...
  • Ross LaDuke

Vermilion Int'l Compass: Global Equity Strategy

EM Pullback Opportunity Supporting our global bull market thesis, uptrends remain intact for the major global indexes (MSCI ACWI, ACWI ex-US, EAFE, and EM). At this point, concerns surrounding the Wuhan coronavirus have led to some market setbacks and deterioration in market indicators, however they have not resulted in breakdowns. This is true even for areas of the market most-directly affected, including China (MSCI China) and emerging markets (MSCI EM). For these reasons and, as long as there is no significant additional damage, we view recent weakness as a buying opportunity - especially ...

Dave Nicoski ...
  • Ross LaDuke

Int'l Macro Vision: Sector Synopsis

Int'l Equity Strategy In using technical analysis, we let the market be our guide. That is, we analyze what is true in the market, utilizing the vast array of tools in our technical analysis toolbox which we then formulate into our outlook using a weight of the evidence approach. In a world where there are no shortages of things to worry about (trade wars, central banks, Trump impeachment, negative interest rates, low global growth, Brexit, Manufacturing weakness, elections, Hong Kong protests, the list goes on...), our tools help us cut through the noise and conjecture. After all, what if th...

Dave Nicoski ...
  • Ross LaDuke

Int'l Macro Vision: Global Equity Strategy

Int'l Equity Strategy Global equities staged an impressive rally over the first four months of 2019. The nearly unabated advance allowed the broad major indexes (MSCI ACWI, ACWI ex-US, and EAFE) to break topside critical 14-month downtrends which began in January 2018. Heading into May, YTD uptrends were ubiquitous and market participants were generally of the belief that a US-China trade deal was a foregone conclusion. Then came Trump's May 5th tweets claiming China was attempting to renegotiate, and that tariffs would increase from 10% to 25%. The tariff escalation contributed to uptrend br...

Benjamin Silverstone ...
  • Jannick Lindegaard Denholt

Demant - Feedback from conference call with CEO

Conference call with a still optimistic CEO, but… …also a still cautious CEO in terms of recovery pace Many uncertainties persist due to COVID-19. HOLD

Casper Blom ...
  • Jannick Lindegaard Denholt
  • Mads Thinggaard
  • Olof Cederholm
  • Øystein Elton Lodgaard
  • Patrik Brattelius
  • Petter Nystrøm

Talking Points - NKT (Hold): German award paving the way for debt fix

Tomra (Hold) Post-results comment: Order backlog creates a buffer Q1 2020 was better than expected Looking to strengthen its balance sheet

Benjamin Silverstone ...
  • Jannick Lindegaard Denholt

Demant - Taking it day by day as uncertainty remains

Demant sees current revenue levels as the low point… …but also sees low visibility as to when this will improve Short-term uncertainty remains; HOLD reiterated

Rune Majlund Dahl

Demant (Buy, TP: DKK200.00) - Covid-19 impact dragging on

The impact of Covid-19 now looks less severe in H1 and 2020 than we expected, but we now assume a protracted recovery. Thus, we no longer assume pent-up demand for 2021 and now expect volume growth in line with the underlying market next year. We reiterate our BUY and DKK200 target price.

Rune Majlund Dahl

Demant (Buy, TP: DKK200.00) - Severe slowdown as expected

The Q1 trading update showed the expected slowdown with significant negative growth since mid-March due to the severe market impact of coronavirus. Current run-rate comments indicate a c80% sales decline and c60% of costs remaining, which is slightly better than our estimates. On the negative side, management was less firm on pent-up demand materialising later in 2020e. The 2020 guidance is still withdrawn.

Alexander Aukner ...
  • David Martinsson
  • Helene Kvilhaug Brøndbo
  • Jon Masdal
  • Karl-Johan Bonnevier
  • Martin Arnell
  • Martin Huseby Karlsen
  • Mattias Holmberg
  • Nicolay Dyvik
  • Ole Martin Westgaard
  • Ole-Andreas Krohn
  • Rune Majlund Dahl

Eventful start to 2020

Helene Kvilhaug Brøndbo ...
  • Jesper Ingildsen
  • Joachim Gunell
  • Jon Masdal
  • Jørgen Lian
  • Karl-Johan Bonnevier
  • Martin Huseby Karlsen
  • Mats Bye
  • Mattias Holmberg
  • Ole Martin Westgaard
  • Ole-Andreas Krohn
  • Patrik Ling
  • Paul Harper
  • Rune Majlund Dahl
  • Simen Mortensen
  • Tomi Railo
  • Viktor Trollsten

Northern Lights

Ole Martin Westgaard ...
  • Ole-Andreas Krohn
  • Olof Larshammar
  • Rune Majlund Dahl
  • Tomi Railo

Northern Lights

Christer Magnergård ...
  • Christoffer Wang Bjørnsen
  • Jesper Ingildsen
  • Jon Masdal
  • Martin Arnell
  • Martin Hoang Nguyen
  • Mattias Holmberg
  • Ole Martin Westgaard
  • Ole-Andreas Krohn
  • Olof Larshammar
  • Rune Majlund Dahl
  • Tomi Railo

Northern Lights

Frank Maaø ...
  • Jørgen Lian
  • Martin Arnell
  • Niklas Wetterling
  • Ole Martin Westgaard
  • Ole-Andreas Krohn
  • Rune Majlund Dahl
  • Tomi Railo

Northern Lights

DEMANT A/S increases its risk exposure and slightly lowers to Neutral

DEMANT A/S (DK), a company active in the Medical Equipment industry, now shows a lower overall rating. The independent financial analyst theScreener confirms the fundamental rating of 3 out of 4 stars. However, the market behaviour deterioration triggered a risk requalification, which can be thus described as moderately risky. theScreener believes that increased risk justifies the general evaluation downgrade to Neutral. As of the analysis date February 18, 2020, the closing price was DKK 230.50 and its expected value was estimated at DKK 219.59.

Ford Equity International Rating and Forecast Report

Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind each recommendation and reflect the fundamental and price data as of the last trading day of the week...

Expert Corporate Governance Service (ECGS)

Demant - AGM 10 March 2020

In general, Demant (formerly William Demant Holding) is in compliance with the Danish regulations relating to the organisation and procedures of the Annual General Meeting. In view of concerns over aggregate time commitments as well as other concerns, ECGS normally would have recommended to vote OPPOSE to the (re-)election of: Mr. Niels Björn Christiansen (ITEM 5a), Mr. Niels Jacobsen (ITEM 5b) and Mr. Lars Rasmussen (ITEM 5d). However, considering that the proxy card does not permit this, it recommends abstention instead. Under ITEM 6, the board of directors proposes to re-appoint Deloitte ...

Expert Corporate Governance Service (ECGS)

William Demant Holding, March 19 2019

In general, William Demant Holding ("Demant") is in compliance with the Danish regulations relating to the organisation and procedures of the Annual General Meeting. Under ITEM 5a, it is proposed to re-appoint Mr. Niels B. Christiansen as Chairman of the board of directors. Although Mr. Christiansen is considered independent, ECGS has concerns over his aggregate time commitments. Mr. Christiansen is serving as CEO of Lego A/S (substantial non-listed company), Chairman of the board of directors of William Demant Holding A/S (listed) and non-executive director of AP Moller Maersk A/S (listed), ...

William Demant – Proxinvest Corporate Governance Rating ® : C

Proxinvest Corporate Governance Rating ® helps investors integrate governance into their investment decision and identify governance risks and opportunities within their portfolio. Proxinvest Corporate Governance Rating ® Service rates European issuers through the analysis of four main themes : Ownership & Shareholder rights, Board & Committees, Audit & Process, Remuneration. Each theme is rated taking into account several comprehensive sub-categories. Our unique two-step process to achieve each rating includes a first step quantitative valuation and a second step qualitative filter...

Expert Corporate Governance Service (ECGS)

William Dermant Holding - March, 19 2019

In general, William Demant Holding ("Demant") is in compliance with the Danish regulations relating to the organisation and procedures of the Annual General Meeting. Under ITEM 5a, it is proposed to re-appoint Mr. Niels B. Christiansen as Chairman of the board of directors. Although Mr. Christiansen is considered independent, ECGS has concerns over his aggregate time commitments. Mr. Christiansen is serving as CEO of Lego A/S (substantial non-listed company), Chairman of the board of directors of William Demant Holding A/S (listed) and non-executive director of AP Moller Maersk A/S (listed), ...

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