Danish hearing-aid maker Demant A/S cut its full-year financial outlook, citing soft market conditions, intense competition, and lower sales to a major U.S. retailer.
The company said on Tuesday it now expects organic growth of 1% to 3% for 2025, down from a previous forecast of 1% to 5%.
It also lowered its guidance for operating profit, or EBIT, to a range of 3.9 billion to 4.3 billion Danish Kroner, from a prior range of 4.1 billion to 4.5 billion Danish Kroner.
"The first half of the year brought headwinds to the Group in terms of macroeconomic uncertainties, driving soft market conditions and intense competition, and to reflect continued uncertainties in the second half-year, we are adjusting our 2025 outlook," said Søren Nielsen, President & CEO of Demant.
The revised forecast comes two months after Demant announced its largest-ever acquisition, a 700 million Euro deal for German hearing-care retailer KIND Group.
Following the deal announcement, Demant suspended its share buy-back program, according to the company.
The company's 2025 outlook does not include any contribution from the KIND acquisition, which is expected to close in the second half of the year.
For the first half of 2025, Demant reported 0% organic growth and an operating profit of 1.85 billion Danish Kroner.
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Danish hearing-aid maker Demant A/S cut its full-year financial outlook, citing soft market conditions, intense competition, and lower sales to a major U.S. retailer.