Tag: Søren Nielsen

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Cochlear Ltd to Purchase Oticon Medical

Cochlear Ltd to Purchase Oticon Medical

In a surprise announcement, Demant says it plans to sell its Hearing Implants business, Oticon Medical—which includes the Ponto bone-anchored and Neuro cochlear implant systems—to Cochlear Limited for a total of DKK 850 million (US$120 million). The deal is subject to regulatory approval.

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

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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