Nov. 04, 2024
Demant Maintains 2024 Outlook as Hearing Care Division Drives Q3 Growth
In its Q3 2024 Interim Management Statement, Demant announced an organic revenue growth of 2%, primarily supported by strong performance in its Hearing Care segment. Despite increased competition and challenging market dynamics, Demant’s proactive cost-saving measures helped to stabilize expenses, positioning the company to meet its projected annual targets. Financial Performance and Revenue Breakdown The Group achieved total revenue of