Demant CEO highlights strong performance from Diagnostics, acknowledges Communications letdown

The Danish hearing aid manufacturer’s diagnostics business area is a beacon of light among gloomy H1 financial figures, mostly coming from headset firm Epos, says CEO Søren Nielsen.

Søren Nielsen, CEO of Demant | Photo: Kenneth Lysbjerg Koustrup/ERH

Demant has had a tough second quarter, which has impacted the hearing aid manufacturer’s results for the first half of 2022 to such a degree it had to downgrade its full year guidance on Tuesday.

However, it wasn’t all bad – Demant’s business dubbed Diagnostics delivered huge growth in H1, which also meant that these results beat analysts’ expectations.

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