Demant AS

DEMANT: XCSE (DNK)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	DKK 766.00	Jklfwd	Rbjxccvm

Demant Earnings: Strength in the Independent Channel Offset by Weakness in Managed Care and Retail

Alex Morozov

May 6, 2024

We maintain our fair value estimate for narrow-moat Demant following the release of its first-quarter results. The shares are modestly overvalued at their current level.

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