MedWatch

WS Audiology loses USD 600m across two years – still withholds net profit guidance

Hearing-aid manufacturer WS Audiology has operated with resounding losses in its two years after the Widex-Sivantos merger, but the executive team declines to comment on when the group expects to present black bottom-line figures. Interest-bearing debt of EUR 3.6bn makes it tough to predict, the company says.

Søren Westh Lonning, CFO of WS Audiology | Photo: WS Audiology / PR

It's been poor business as of late, to put it mildly, being hearing-aid manufacturer WS Audiology, which following the major merger of Danish Widex and EQT-owned Sivantos from Germany – which became a reality in 2019 – could otherwise claim the title as the world's third-largest hearing-aid supplier.

In 2018/2019, the first full fiscal year after the merger, the Copenhagen-headquartered company booked an operating deficit of DKK 2.14bn (USD 350m), and on Thursday the group presented its annual report for fiscal 2019-'20, showing another big loss of DKK 1.8bn and 11 percent in negative organic growth.

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