MedWatch

Analyst: Demant's guidance reflects improved market conditions

Demant exceeded Sydbank's analyst Søren Løntoft Hansen's performance forecast, when the Danish hearing aid firm laid out its guidance for the 2021 fiscal year Tuesday morning.

Photo: Sydbank/PR

On Tuesday morning hearing aid firm Demant presented its forecast for the new fiscal year in connection with the company's 2020 annual financial report.

The new guidance for earnings before interests, taxes, depreciations and amortizations set at DKK 2.85-3.15bn (USD 463.8-512.6m) and an organic growth rate of 23-27 percent shows great promise, according to Søren Løntoft Hansen, Senior Equity Analyst at Danish bank Sydbank.

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