An IT incident in September brought business to a standstill (for few days) and as a consequence, Demant’s FY19 financial performance was affected adversely – operating margin slipped to new lows. While the majority of the businesses have returned to normalcy, following the resolution of the IT issues, management still anticipates a minor spill-over effect in FY20. However, as Demant expands its product portfolio by introducing new rechargeable mid-priced products across brands, m
05 Feb 2020
As expected, cyber-attack weighs on FY19 results
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As expected, cyber-attack weighs on FY19 results
An IT incident in September brought business to a standstill (for few days) and as a consequence, Demant’s FY19 financial performance was affected adversely – operating margin slipped to new lows. While the majority of the businesses have returned to normalcy, following the resolution of the IT issues, management still anticipates a minor spill-over effect in FY20. However, as Demant expands its product portfolio by introducing new rechargeable mid-priced products across brands, m