Acquisition of KIND Group
Demant agreed to acquire the KIND Group, a leading retailer of hearing aids with 650 clinics, primarily in Germany, which is expected to enhance market presence.
Sustainability Progress
Demant reported a 5% decrease in Scope 1 and 2 greenhouse gas emissions and increased renewable electricity usage by 5%, aligning with sustainability targets.
Strong Cash Flow
Despite lower profitability, Demant delivered solid cash flow from operations of over DKK 1.5 billion and free cash flow of DKK 1.126 billion.
Global Market Share Gains
Demant saw global market share gains in unit sales, particularly outside the U.S., despite challenges in specific markets.