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

Sector Fast Comment - US presidential election vs healthcare sector

Key takeaways from expert speaker event on US politics Zooming in on healthcare vs the US election outcome Multiple possible outcomes: remain LT sector optimistic

Benjamin Silverstone ...
  • Jannick Lindegaard Denholt

Sector Report - Still a solid defensive play

Håkon Astrup ...
  • Jørgen Lian
  • Nicolay Dyvik
  • Ole Martin Westgaard
  • Ole-Andreas Krohn
  • Rune Majlund Dahl
  • Viktor Trollsten

Northern Lights

Bengt Jonassen ...
  • Jannick Lindegaard Denholt
  • John Olaisen
  • Magnus Andersson

Talking Points - EQT (Sell): Planet earth is calling – SELL

…but we lower our rating to SELL (Hold)… …since the valuation looks exceptionally rich

Rune Majlund Dahl

Demant (Buy, TP: DKK240.00) - Normalisation by end-2020e

Normalisation by end-2020e The H1 report beat our estimates as the Covid-19 impact was less severe and the recovery rate by mid-August better than we expected with group revenue at -5–5% compared to 2019. Demant reinstated guidance (5–15% revenue growth in H2) but not on EBIT as uncertainty is still too high. We reiterate our BUY and have raised our target price to DKK240 (220).

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

Sector Fast Comment - US presidential election vs healthcare sector

Key takeaways from expert speaker event on US politics Zooming in on healthcare vs the US election outcome Multiple possible outcomes: remain LT sector optimistic

Benjamin Silverstone ...
  • Jannick Lindegaard Denholt

Sector Report - Still a solid defensive play

Bengt Jonassen ...
  • Jannick Lindegaard Denholt
  • John Olaisen
  • Magnus Andersson

Talking Points - EQT (Sell): Planet earth is calling – SELL

…but we lower our rating to SELL (Hold)… …since the valuation looks exceptionally rich

Rune Majlund Dahl

Demant (Buy, TP: DKK240.00) - Normalisation by end-2020e

Normalisation by end-2020e The H1 report beat our estimates as the Covid-19 impact was less severe and the recovery rate by mid-August better than we expected with group revenue at -5–5% compared to 2019. Demant reinstated guidance (5–15% revenue growth in H2) but not on EBIT as uncertainty is still too high. We reiterate our BUY and have raised our target price to DKK240 (220).

Benjamin Silverstone ...
  • Jannick Lindegaard Denholt

Demant - Still waiting to see the true colours of Demant

Encouraging pent-up demand, waiting for new customers Improved sales outlook, cost outlook remains uncertain Positive recovery, but still many uncertainties. HOLD

Håkon Astrup ...
  • Jørgen Lian
  • Nicolay Dyvik
  • Ole Martin Westgaard
  • Ole-Andreas Krohn
  • Rune Majlund Dahl
  • Viktor Trollsten

Northern Lights

Håkon Astrup ...
  • Mats Bye
  • Ole-Andreas Krohn
  • Rune Majlund Dahl
  • Tomi Railo

Northern Lights

Martin Arnell ...
  • Ole-Andreas Krohn
  • Rune Majlund Dahl
  • Simen Mortensen
  • Viktor Trollsten

Northern Lights

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

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 we...

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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