MedWatch

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

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.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from MedWatch

Britt Meelby Jensen wants to rebuild trust in Ambu

After a turbulent time for Ambu under Juan Jose Gonzalez’s reign, new chief executive appointee Britt Meelby Jensen aims to rebuild the trust in the medtech firm, which has downgraded its expectations seven times over the past three years.

Outgoing Ambu CEO commends colleagues

”A true privilege,” says Juan Jose Gonzalez, describing his time as CEO at Ambu, which came to an end with Thursday’s announcement that Britt Meelby Jensen would take over the role.

Further reading

Related articles

Latest news

See all jobs