Demant A/s · OMXCOP:DEMANT
Demant A/s — William Demant Holding — Corporate Update (June 2006)
10 slides from Demant A/s's corporate update, Jun 26, 2006
Slide 1: Analyst teleconference 26 June 2006
Analyst teleconference 26 June 2006 William Demant Holding A/S Analyst teleconference 26 June 2006 at 12:30 CET 1
Slide 2: Agenda
Analyst teleconference 26 June 2006 Agenda • Upgrade of 2006 forecast • Employee share programme • Reclassification of Personal FM revenues • Recognition and measurement of agency-like Group undertakings • Updated 2006 outlook 2
Slide 3: Upgrade of 2006 forecast
Analyst teleconference 26 June 2006 Upgrade of 2006 forecast • Several successful product introductions: ICOS from Bernafon and Delta and Safran from Oticon • Oticon Delta and the Receiver-In-The-Ear (RITE) technology: Initial reception and acceptance exceeding expectations – High acceptance among d
Slide 4: Employee share programme
Analyst teleconference 26 June 2006 Employee share programme • 140,000 shares offered to employees, corresponding to 0.22% of the share capital • Employees can choose between two models: – Seniority model: a maximum of 32 shares per employee at a price of DKK 100 per share depending on the number of
Slide 5: Reclassification of Personal FM revenues
Analyst teleconference 26 June 2006 Reclassification of Personal FM revenues • Personal FM business has been transferred from Personal Communication to Hearing Aids as previously communicated • In the future, all revenues from the sale of personal FM equipment will be classified under the Hearing Ai
Slide 6: Oticon Amigo update
Analyst teleconference 26 June 2006 Oticon Amigo update • New advanced personal FM product portfolio launched at AAA – targets children and youngsters in educational settings • Superior to existing solutions: – Sophisticated signal processing – Fully wireless programming – Robust construction • Comp
Slide 7: Recognition and measurement of agency-like Group undertakings
Analyst teleconference 26 June 2006 Recognition and measurement of agency-like Group undertakings • IFRS: increased focus on the nature of reported revenues • The Group has revised the criteria of recognition and measure- ment of the portion of revenues generated by agency-like undertakings • Previo
Slide 8: Recognition and measurement of revenues – impact on P&L 2005
Analyst teleconference 26 June 2006 Recognition and measurement of revenues – impact on P&L 2005 (DKK million) Previous reporting Change Future reporting Net revenue 4,716.1 -193.2 4,522.9 Production cost -1,582.8 193.2 -1,389.6 Gross profit 3,133.3 0.0 3,133.3 Operating profit 1,102.8 0.0 1,102.8 (
Slide 9: Recognition and measurement of revenues – summary 2002-2005
Analyst teleconference 26 June 2006 Recognition and measurement of revenues – summary 2002-2005 Reported Re-stated Gross profit EBIT margin (DKK million) revenues revenues margin impact impact 2002 3,924 3,720 63.9% → 67.3% 20.6% → 21.8% 2003 3,870 3,677 65.2% → 68.6% 22.1% → 23.3% 2004 4,303 4,121
Slide 10: Updated 2006 outlook
Analyst teleconference 26 June 2006 Updated 2006 outlook • Growth in the underlying business is expected at 13-15% for 2006 • Revenues of DKK 5,150-5,250 million are expected based on the revised criteria for revenues generated by agency-like undertakings • On a comparable basis, Group revenues were
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