Demant A/s · OMXCOP:DEMANT
Demant A/s — William Demant Holding — Q3 2002 Earnings Presentation
6 slides from Demant A/s's earnings presentation, 2002
Slide 1: William Demant Holding A/S 3rd quarter status 2002
3rd quarter 2002 William Demant Holding A/S 3rd quarter status 2002 1 3rd quarter 2002 Background information The William Demant Holding Group develops, manufactures and sells products and equipment designed to aid the hearing and communication of individuals. Its core business is hearing aids. 2 1
Slide 2: Background information: Group Structure and Market development
3rd quarter 2002 Background information Group Structure: 3 3rd quarter 2002 Market development The overall hearing aid market: • Year-to-date market unchanged (in terms of units) compared to Demographic changes last year, albeit with a downward trend in 3rd quarter Europe: • Flat market development
Slide 3: Market development USA and long term growth factors
3rd quarter 2002 Market development USA: • Year-to-date decrease of 1.2% - 3rd quarter negative y-over-y with 3.3% Demographic changes • Digital hearing aids now account for app. 45% compared to 30% in same period last year 15,0% US market growth • Continued increase in share 10,0% of BTE instrument
Slide 4: William Demant Holding's position; Distribution activities
3rd quarter 2002 William Demant Holding’s position • We have increased our market share - even more than anticipated Demographic changes • Core business (wholesale of hearing aids) developed very positively • The group is well positioned for future growth with the introduction of Adapto, Symbio and
Slide 5: Other business units; Share information
3rd quarter 2002 Other business units Diagnostic Instruments • Continued upward trend Demographic changes • Substantial organic growth Personal Communications • Phonic Ear’s sales stabilized after difficult first half 2002 • WDH’s headsets activities to be merged with German Sennheiser’s telecom act
Slide 6: Prospects for 2002
3rd quarter 2002 Prospects for 2002 • With current market trends and exchange rates, the Group expects revenues in the region of DKK 4 billion Demographic • Negative changes currency impact of about 7% in third quarter • EBIT target of over DKK 800 million maintained • Continued positive cash flow i
William Demant Holding — Q3 2002 Earnings Presentation on 6ix