William Demant Holding A/S
Annual Report 2013

DGAP-News: William Demant Holding A/S /

27.02.2014 / 08:29

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  -- In 2013, consolidated revenue totalled DKK 9,209 million, matching a growth
     rate of 10% in local currencies supported by all the Group's business
     activities. Organic growth was more than 3%.
  -- In our core business, wholesale of hearing aids, the organic growth rate
     exceeded 5%, when adjusting for the impact from the Danish and Dutch
     markets. Unadjusted, we realised 3% organic growth in a market estimated to
     have seen flat growth in terms of value.
  -- In 2013, our operating profit (EBIT) rose by 8% to DKK 1,784 million,
     corresponding to a profit margin of 19.4%. Net profit and earnings per
     share (EPS) went up by as much as 14% each for the full year 2013 and by
     23% for the second half-year 2013.
  -- In 2013, the Group once again generated a strong cash flow from operating
     activities, totalling DKK 1,320 million and equivalent to a cash conversion
     ratio of 74%.
  -- In spring 2014, Oticon will join Apple's Made for iPhone programme and
     launch its first Made for iPhone (MFi) connectivity solution for hearing
     instruments. Oticon's MFi solution will be available for all existing and
     future users of Oticon's ConnectLine instruments across the price spectrum,
     including an installed base of around two million current users of wireless
     Oticon hearing instruments.
  -- In 2014, we expect to continue to generate growth in all our business
     activities. Following a 14% growth rate in the Group's net profit and
     earnings per share (EPS) in 2013, we expect to see growth in EPS of 5-10%
     in 2014. Based on a continued strong cash flow, we expect to be able to buy
     back Company shares worth more than DKK 500 million in 2014.
News Source: NASDAQ OMX


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Language:    English                     
Company:     William Demant Holding A/S  
 
 
             Denmark                     
ISIN:        DK0010268440                
 
 
End of News    DGAP News-Service  
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