Supported by pent-up demand, Demant’s revenue has continued its positive trend towards normalisation since mid-August and H2 revenue guidance has thus been narrowed – on easier comps, the wholesale business is expected to remain flat while retail is likely to grow in mid-single-digits. The structural cost-cutting initiatives are also delivering results and thus an EBIT outlook has been introduced. With rival Sonova and GN out with their latest product offerings, we await a similar
14 Oct 2020
H2 revenue guidance narrowed; EBIT outlook instilled
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H2 revenue guidance narrowed; EBIT outlook instilled
Supported by pent-up demand, Demant’s revenue has continued its positive trend towards normalisation since mid-August and H2 revenue guidance has thus been narrowed – on easier comps, the wholesale business is expected to remain flat while retail is likely to grow in mid-single-digits. The structural cost-cutting initiatives are also delivering results and thus an EBIT outlook has been introduced. With rival Sonova and GN out with their latest product offerings, we await a similar