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William Demant Holding A/S: Interim Report 2018

Company announcement no 2018-08
Interim Report 2018
15 August 2018

Hearing aid wholesale delivered strong organic growth of 11% and expands industry-leading product portfolio
Growth in local currencies was 9% for the Group with 7% organic growth
Adjusted EBIT grew by 11% (reported 16%) with EBIT margin expansion of 1.2 pp (reported 1.8 pp)
Outlook adjusted to EBIT of DKK 2.65-2.85bn (prev. 2.55-2.85bn) before restr. costs of DKK 120m (prev. 150m)

“I’m very pleased with the overall result and that the strong performance by our Group in the first half-year has allowed us to raise the lower end of our full-year outlook range. Our results once again show how the hearing healthcare industry is driven by innovation and new strong product concepts that raise the bar for how much we can do with dedicated hearing care. Customer focus across the entire Group is one of our top priorities, and we will soon be ready with a vast range of new products for the benefit of end-users all over the world. This makes me confident that we can maintain our positive development,” says Søren Nielsen, President & CEO.

Further information:
Søren Nielsen, President & CEO
Phone +45 3917 7300
www.demant.com
Other contacts:
René Schneider, CFO
Søren B. Andersson and Mathias Holten Møller, Investor Relations
Trine Kromann-Mikkelsen, Corporate Communication and Relations


Attachment

Attachments

2018-08 Interim Report 2018.pdf