Negative impact on Demant from Russia's war won't get any worse, says CEO

The hearing aid manufacturer has already written off its activities in Russia, which is why the ongoing conflict won’t end up affecting the company more than the DKK 100m (USD 14m) negative impact it has already accounted for.
Søren Nielsen, CEO of Demant | Photo: Demant / PR
Søren Nielsen, CEO of Demant | Photo: Demant / PR
by marketwire, translated by daniel pedersen

Demant has put a figure on how much it expects to be affected by Russia’s invasion of Ukraine, and the subsequent effects of war, in 2022 ­ a negative impact of DKK 100m (USD 14m) on the firm’s operating result.

Already a subscriber?Log in here

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.

With your free trial you get:

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
  • Must be at least 8 characters, including three of: Uppercase, lowercase, numbers, symbols
    Must contain at least 2 characters
    Must contain at least 2 characters

    Get full access for you and your coworkers

    Start a free company trial today

    Share article

    Sign up for our newsletter

    Stay ahead of development by receiving our newsletter on the latest sector knowledge.

    Newsletter terms

    Front page now

    Further reading