William Demant

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William Demant Holding A/S
Type Publicly traded Aktieselskab
Traded as OMXWDH
Industry Health care
Founded 1904
Headquarters Smørum, Denmark
Key people Lars Nørby Johansen (Chairman), Niels Jacobsen (President and CEO)
Products Hearing aids, audiometric equipment
Revenue DKK 6.892 billion (2010)[1]
Operating income DKK 1.430 billion (2010)[1]
Profit DKK 988.4 million (2010)[1]
Total assets DKK 6.786 billion (end 2010)[1]
Total equity DKK 2.443 billion (end 2010)[1]
Employees 6,320 (average, 2010)[1]
Subsidiaries Oticon
Website www.demant.com

The William Demant Holding Group is a leading international hearing health care company within hearing aids, audiometric equipment, and personal communication.

Beginning[edit]

The William Demant Holding Group was founded in 1904 by Hans Demant, under the name Oticon. After his death in 1910, his son William Demant took over.

Already before World War I, Oticon increased its sales volume to cover Scandinavia and Saint Petersburg. In the twenties and thirties, a network of agents was established in Europe.

During World War II, Oticon started its own production due to the scarcity of goods from other countries.

In 1957, William and his wife Ida Emilie donated the Demant family's shares in the company to the Oticon Foundation. The Oticon Foundation's general aim is charity with particular emphasis on helping people with a hearing impairment and today the Oticon Foundation is the main shareholder in William Demant Holding A/S with a holding of app. 61%.

International expansion[edit]

During the 1990s the company expanded further, buying the Swiss hearing aid manufacturer Bernafon, Phonic Ear, the headset manufacturer DanaCom and Interacoustics.

In 1995 the company was listed at the Copenhagen Stock Exchange.

In 1997 it was decided to change the name of the parent company from Oticon Holding A/S to William Demant Holding A/S because it was considered disadvantageous to use the same name, both for the Group, and for one of its businesses.

Today the company is led by President & CEO, Niels Jacobsen and board chairman Lars Nørby Johansen.

Today the company focuses on three separate business units:

Hearing Aids: Oticon, Bernafon, Sonic Innovations, Neurelec

Diagnostic Instruments: Maico Diagnostics, Interacoustics, Amplivox and Grason-Stadler

Personal Communication: Phonic Ear, Sennheiser Communications

Instrument Dealers: Gordon Stowe & Associates Inc., Northeastern Technologies Group Inc., Midlantic Technologies Group Inc.

References[edit]

  1. ^ a b c d e f "Annual Report 2010". William Demant. Retrieved 2 April 2011. 

External links[edit]