Demant A/S : Q3 review – another strong quarter
>Q3 review – another strong quarter - Demant’s Q3 revenues of DKK 5,403m (+11.1% y-o-y) were driven by impressive organic growth of 13% (vs ODDO BHF 12%/consensus 13%) and were 1% below expectations due to forex headwinds. No bottom line was reported on a quarterly basis.Hearing aids show strong performance - Hearing aids sales of DKK 2,430m (+23% y-o-y) benefited from very impressive organic growth of 25% (external sales), well ahead of our forecast ...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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