Demant closes Q2 ahead of guidance, upgrades both revenue and earnings

The Danish hearing aid supplier exits this year's second quarter beating prior guidance and now upgrades its full-year financial outlook – both for organic growth and operating earnings.

Demants presents its Q2 interim report Thursday morning. | Photo: Jens Dresling/Politiken/Ritzau Scanpix

Hearing aid company Demant's business has been booming in the first half of 2021 – so much so that the group now books an upward adjustment of its full-year guidance.

Demant now banks on organic growth of 26-30 percent against the prior spread of 24-28 percent, also dialing up on its expectations for annual earnings before interest and taxes from DKK 3-3.3bn (USD 470-520m) to DKK 3.15-3.45bn, the company informs in its H1 interim report.

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