Demant A/S (WILLF) Q2 2025 Earnings Call Transcript

2025-08-13 13:51:07 ET

Demant A/S (WILLF)

Q2 2025 Earnings Conference Call

August 13, 2025, 8:00 AM ET

Company Participants

Gustav Kallehave Hoegh - Investor Relations Officer

René Schneider - CFO, President of Group Services & Member of Executive Board

Søren Nielsen - CEO, President & Member of Executive Board

Conference Call Participants

Andjela Bozinovic - BNP Paribas Exane, Research Division

Carsten Lønborg Madsen - Danske Bank A/S, Research Division

Hassan Al-Wakeel - Barclays Bank PLC, Research Division

Maja Pataki - Kepler Cheuvreux, Research Division

Martin Brenoe - Nordea Markets, Research Division

Martin Parkhoi - SEB, Research Division

Niels Granholm-Leth - DNB Carnegie, Research Division

Oliver Metzger - ODDO BHF Corporate & Markets, Research Division

Robert John Davies - Morgan Stanley, Research Division

Susannah Ludwig - Sanford C. Bernstein & Co., LLC., Research Division

Veronika Dubajova - Citigroup Inc., Research Division

Graham Doyle - UBS Investment Bank, Research Division

Presentation

Gustav Kallehave Hoegh

Good afternoon, everyone, and welcome to our conference call following the release of our revised outlook for 2025 and interim report for H1 2025 after market closed yesterday. For the call today, we plan to run through a presentation followed by a Q&A session as per usual. The presentation should now be available on our website. We plan for the call to last no more than 1 hour in total, including the Q&A session. So please limit yourself to no more than 2 questions at a time. Thank you. On the call today, we have Søren Nielsen, our President and CEO; René Schneider, our CFO; and myself, Gustav Hoegh from the IR team. That is all for the practical elements. And with that, over to you, Søren.

Søren Nielsen

Yes. Thank you very much, Gustav, and welcome, everybody. Agenda today, business highlights, key financial takeaways and sustainability advancements. And then business area, a little more details and color on that before Rene will go through group financials, and I will finish off with the revised outlook, and then we step into Q&A. Business highlight for Demant in first half of 2025. #1 headline is a global hearing aid market that grew below the normal 4% to 6% growth expectation....

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