Demant A/S: Initiation of Coverage- Can AI-Powered Hearing Tech Disrupt the Global Market? 

Demant’s latest financial results for 2024 reveal a mixed performance with several key developments influencing their overall outlook. The company reported an overall growth in revenue of 4%, with an equal contribution from organic growth and acquisitions, amounting to DKK 22.4 billion. While this marks an improvement in gross profit by 5%, the company’s EBIT saw a decrease of about 2% (DKK 100 million) from the previous year, underscoring some challenges faced over the fiscal period.