Demant’s H1 revenue declined 27% organically, though a recovery was visible towards the end of H1 on the back of pent-up demand. Management has guided for +5-15% revenue growth for H2 and the operating profit, which slipped into the red in H1 due to operational de-leverage, should also be back in the black. However, the reinforcement of lockdown restrictions, particularly in the US, and new lead generations continue to be the key risks.
18 Aug 2020
Strong recovery towards the end of H1
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Strong recovery towards the end of H1
Demant’s H1 revenue declined 27% organically, though a recovery was visible towards the end of H1 on the back of pent-up demand. Management has guided for +5-15% revenue growth for H2 and the operating profit, which slipped into the red in H1 due to operational de-leverage, should also be back in the black. However, the reinforcement of lockdown restrictions, particularly in the US, and new lead generations continue to be the key risks.