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

by marketwire, translated by daniel pedersen

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.

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US downswing reflects shift in underlying demand, says Demant CEO
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Analyst identifies some positive elements in Demant report despite downgrade
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Demant downgrades after revenue disappoints
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Former Demant Executive Vice President Arne Boye Nielsen was found responsible for creating an "unsafe psychological work environment" in an internal legal investigation. | Foto: Demant / Pr

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