William Demant Holding (WDH) released a good set of FY17 results which were ahead of our estimates as well as market consensus. Organic revenue surged 9% during the year (H2: +c.9%) as new product launches and strong commercial execution led to market share gains across all business divisions. The lynchpin Hearing Devices segment grew 8% (c.87% of sales) on the back of 11% growth in the wholesale business (>50% of sales; driven by Oticon Opn). The retail business was up 4% (>33% of sale
28 Feb 2018
Strong end to the year; market share gain across businesses in FY17
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Strong end to the year; market share gain across businesses in FY17
William Demant Holding (WDH) released a good set of FY17 results which were ahead of our estimates as well as market consensus. Organic revenue surged 9% during the year (H2: +c.9%) as new product launches and strong commercial execution led to market share gains across all business divisions. The lynchpin Hearing Devices segment grew 8% (c.87% of sales) on the back of 11% growth in the wholesale business (>50% of sales; driven by Oticon Opn). The retail business was up 4% (>33% of sale