Demant AS

DEMANT: XCSE (DNK)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Demant Earnings: Oticon Zeal Momentum Drives Guidance Upgrade; Shares Fairly Valued

Max Jousma

Aug 12, 2026

Demant reported second-quarter sales growth in constant currencies of 19%, split between 9% organic and 10% inorganic, the latter stemming from the Kind acquisition. The adjusted EBIT margin expanded to 16.5% from 16.4% over the first half of 2026. Management raised its full-year guidance.

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Demant AS

Demant Earnings: Oticon Zeal Momentum Drives Guidance Upgrade; Shares Fairly Valued

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