In first half-year 2008, the Group realised revenues totalling DKK 2,689
million, corresponding to 6% growth measured in local currencies (0% measured
in Danish kroner). Volume growth of 6% in hearing aid sales through the
wholesale business means that the Group has once again won market share.
Sales trends in the period under review have not lived up to the plans made,
which is mainly attributable to the slow-down on the global hearing aid market,
where unit growth in the private market is estimated to account for 0-1%.
Operating profits (EBIT) in the period under review amounted to DKK 577
million, matching
a profit margin of 21.4%.
Compared with 2007, consolidated profits were negatively impacted by exchange
rate movements and lower average sales prices as well as failing market growth
in the private sector of the hearing aid market.
Consequently, the Group now expects revenues of DKK 5,450-5,550 million
against forecast revenues of DKK 5,550-5,700 million. In 2008, operating
profits (EBIT) are expected to total DKK 1,150-1,250 million against the
forecast DKK 1,340-1,440 million.
