Demant A/S : A negative surprise
>Profound weakness at hearing care - The hearing care segment (41% of total sales) surprised negatively with an organic decline of -5%. The development of the acoustic retail business was below expectations on the back of geography and channel mix induced ASP pressure. Amongst the reasons for the weak performance were named in particular the slowing US private pay market, The commercial part of the US market declined in the third quarter. Moreover, the company’s decis...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.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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