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WS Audiology books new billion-kroner deficit – lost EUR 243m during virus year

Hearing aid firm WS Audiology lands billion-kroner deficit for the second year in a row in a coronavirus-tormented year that saw growth figures plummeting double-digit percentages and a red bottom line with minus EUR 243m.

Photo: Tidsvilde Stine/Ritzau Scanpix
BY ALBERT RØNNING-ANDERSSON, TRANSLATED BY NIELSINE NIELSEN

In the second fiscal report after Danish Widex and EQT-owned Sivantos merged to form the world's third-largest hearing aid company WS Audiology, the firm now has another billion-kroner loss riddled with negative double-digit growth rates.

On the bottom line WS Audiology suffered through a EUR 243 (USD 293.8m) net deficit, which was only marginally better than the year before, when the company's EUR 285m deficit was explained through one-time expenses relating to the EUR 211.5m merger.

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