Demant A/s · OMXCOP:DEMANT
Demant A/s — William Demant Holding — Shareholder Meeting (2003)
8 slides from Demant A/s's shareholder meeting presentation, Apr 23, 2003
Slide 1: Continued growth
General Meeting 2003 William Demant Holding A/S General Meeting 2003 General Meeting 2003 Continued growth Revenue and profit margin 3,924 DKK million 3,506 • 16% revenue growth (in 2,960 local currency) 20,6% • 13% organic growth 19,8% 19,5% 1,884 • Profit margin of 20.6% 1,613 17,9% • Increase in
Slide 2: Key figures; Hearing aids - market
General Meeting 2003 Key figures Revenue and profit margin 3,924 DKK million 3,506 2,960 20,6% 19,5% 19,8% 1,884 1,613 17,9% 15,4% 1998 1999 2000 2001 2002 General Meeting 2003 Hearing aids - market • Flat market trends in 2002 are expected to continue in 2003 • Underlying growth factors remain inta
Slide 3: Hearing aids - product introductions
General Meeting 2003 Hearing aids - product introductions New products since 1999 Super Power family: General Meeting 2003 Hearing aids - product introductions 3
Slide 4: Other business areas
General Meeting 2003 Hearing aids - product introductions General Meeting 2003 Other business areas 4
Slide 5: Shareholders; Expectations of 2003
General Meeting 2003 Shareholders • Dividend policy remains unchanged - buy-back of own shares at a total of DKK 423 million in 2002 • Continued focus on corporate governance • Increased communication through quarterly reviews General Meeting 2003 Expectations of 2003 • Organic growth by 7-10% • Org
Slide 6: Financial Statements: Profit and loss account
General Meeting 2003 Financial Statements General Meeting 2003 Profit and loss account DKK million 2002 2001 Net revenue 3,924 3,506 Production costs -1,418 -1,276 Gross profit 2,505 63.9% 2,230 63.6% R&D costs -272 -6.9% -253 -7.2% Distribution costs -1,160 -29.7% -1,038 -29.6% Administrative expen
Slide 7: Profit and loss account; Balance sheet
General Meeting 2003 Profit and loss account DKK million 2002 2001 Operating profit 809 683 Financial items etc. -30 -44 Profit before tax and minority interests 779 640 Corporation tax -200 -158 Minority interests - -1 Net profit for the year 579 481 General Meeting 2003 Balance sheet DKK million 2
Slide 8: Balance sheet; Cash-flow statement
General Meeting 2003 Balance sheet DKK million 2002 2001 Shareholders’ equity 428 163 Provisions 117 136 Long-term creditors 711 869 Short-term debt Interest-bearing debt 248 273 Non-interest-bearing debt 488 565 736 838 Total liabilities 1,992 2,006 General Meeting 2003 Cash-flow statement DKK mill