Tag: Demant



Demant Releases 2022 Annual Report

Demant, a global hearing healthcare and audio technology company located in Smørem, Denmark, has released their 2022 Annual Report. They report that despite macroeconomic and geopolitical headwinds, Demant saw a 10 percent growth in 2022.

Demant Group Companies Hit by Cyber Attack

Companies in the Demant Group, which include Oticon, Sonic Innovations, and Bernafon, were the victims of a cyber attack that affected their IT infrastructure on September 3. The group was forced to shut down its IT systems across multiple sites and business units to contain the issue last week.

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Philips Hearing Aids Introduced by Demant

The Philips brand portfolio–one of the world’s best known and leading health technology brands–will enter the hearing aid market in a complete range of Philips HearLink premium hearing aids. Demant, the exclusive hearing aid brand licensee of Philips, looks to the potential of addressing new segments on a global scale combining first-class hearing technology with a well-known brand.

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William Demant Reports 6% Growth from Previous Year in 2018 Annual Report

In William Demant’s 2018 Annual Report, the company details consolidated revenue for 2018 of DKK 13,937 million (approximately USD$2.1 billion), corresponding with what they say is a 6% growth rate from 2017. Organic growth was up by 7 percentage points, while acquisitive growth increased by 2 percentage points and exchange rate effects with -3 percentage points.

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William Demant and Philips Enter into Hearing Aid Branding Partnership

William Demant—parent group of Oticon, Sonic, and Bernafon—has announced a licensing agreement with Philips to bring Philips-branded solutions to hearing healthcare. Combining William Demant’s hearing aid technology with Philips’ global brand presence in healthcare, the cooperation will enrich the hearing healthcare experience and support the healthy lifestyle and active life of even more people with hearing loss, say the companies.

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Survival Strategies in a Competitive Hearing Healthcare Market

To formulate any reasonable strategy for thriving in today’s hearing healthcare market, it is useful to understand where we are today, how we got here, and what might come in the future. Part 1 of this 2-part article offers a perspective about how industry consolidation has changed the hearing healthcare market and the current major trends that could influence the future strategies of an independent practice owner.

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Sivantos and Widex Announce Plans to Merge

Sivantos and Widex have agreed to terms for merging the two companies. The combined company—pending what will probably be a long and possibly uncertain regulatory approval process—would position it on par with current global market leaders Sonova and William Demant Holding, with a worldwide market share of around 24-25% and revenues of approximately $1.9 billion.

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