Demant A/S : FY review – Solid finish after the warning, outlook positive on bottom line
>Q4 2022 review – solid finish - Demant’s Q4 2022 revenues of DKK 5,345m (+9.5% y-o-y) were 7%/3% vs ODDO BHF/consensus. Organic growth of 6% was ahead of our 1% and the consensus’ expectations of 4%. Acquisitions contributed 200bp to growth, forex provided headwind of 400bp. While Hearing aids were ahead of expectations with organic growth of 11% driven by market share gains within Costco in our view. Hearing care was 7%/3% ahead of expectations. Despite Diagnostics...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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