MedWatch

Demant's divested hearing implant business was unprofitable in H1

Oticon Medical, which hearing aid manufacturer Demant sold off to Cochlear in April, booked a deficit of DKK 107m (USD 14.6m) in the first half year of 2022.

Photo: Jens Dresling/Politiken/Ritzau Scanpix

In April, when hearing aid group Demant announced its intention to sell its 15-year-old Hearing Implants business, also known as Oticon Medical, to Australian Cochlear, no one knew whether the business leg was running a profit or a loss.

Demant was only willing to talk top-line figures at the time, but in Tuesday’s second quarterly report, the company finally revealed precise figures for how well the discontinued operation has performed.

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