Demant
Demant is a global hearing healthcare and audio technology group headquartered in Denmark, employing over 21,000 people and operating in 130 countries.
Company Overview - Demant
Demant is a global hearing healthcare and audio technology group with over 21,000 employees worldwide. The company operates in 130 countries and has been dedicated to the development of hearing health for over 115 years. Headquartered in Denmark, Demant is listed on Nasdaq Copenhagen as a blue chip stock. The company's diverse portfolio includes five key business areas: Hearing Care, Hearing Aids, Hearing Implants, Diagnostics, and Communications.
Financial Performance of Demant
In 2023, Demant achieved a revenue of DKK 22,443 million, reflecting strong financial health and growth. The company also generated an operating profit (EBIT) exceeding DKK 4.1 billion. In the first quarter of 2024, Demant reported an organic revenue growth of 3%. Additionally, the group delivered a significant revenue growth of 14% during 2023.
Demant's Commitment to Sustainability
Demant is deeply committed to sustainability, with a goal to reduce CO2 emissions by approximately 50% by 2030. The company has pledged to achieve 50% renewable electricity by 2025 and 100% by 2030. Demant's sustainability strategy emphasizes reducing waste and developing innovative ways to reuse and create value from waste. The company has committed to setting targets in line with the Science Based Targets initiative (SBTi).
Demant's Global Reach and Operations
Demant operates in a global market with subsidiaries in over 30 countries. The company's Hearing Care business, Audika Group, is a global network comprising more than 3,500 clinics across 20+ countries. Demant’s extensive global presence and network underline its commitment to providing accessible hearing healthcare worldwide.
Philanthropy and Social Responsibility at Demant
In 2023, the William Demant Foundation, a key component of Demant's social responsibility endeavors, donated DKK 135 million. The company also has a global whistleblower system and upholds a portfolio of global policies and guidelines in the business ethics area. Demant's Tax Policy ensures strict compliance with both domestic and international tax legislation, further reflecting its commitment to ethical business practices.