Demant A/S DEMANT.CO · DKK

Health Care · Nasdaq Copenhagen · 🇩🇰 Denmark

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376.80

-0.11%

Close of 9 Nov 2026, in DKK

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Reference data, closing prices and charts across 45,000 companies, plus crypto, commodities and currencies.

At a glance

Figures in DKK, from our data supplier.

FY2025

Revenue

DKK 23.08bn

FY2016FY2025

Net income

DKK 1.54bn

FY2016FY2025

Free cash flow

DKK 3.30bn

FY2016FY2025

Shareholders' equity

DKK 9.84bn

FY2016FY2025

Income statement

Fiscal years

	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016
Revenue	DKK 23.08bn	DKK 22.42bn	DKK 22.44bn	DKK 19.70bn	DKK 18.39bn	DKK 14.47bn	DKK 14.95bn	DKK 13.94bn	DKK 13.19bn	DKK 12.00bn
Gross profit	DKK 16.11bn	DKK 17.09bn	DKK 16.54bn	DKK 14.67bn	DKK 13.75bn	DKK 10.19bn	DKK 11.32bn	DKK 10.78bn	DKK 10.03bn	DKK 9.03bn
Research and development	DKK 1.34bn	DKK 1.35bn	DKK 1.41bn	DKK 1.31bn	DKK 1.35bn	DKK 1.26bn	DKK 1.12bn	DKK 1.01bn	DKK 919.0m	DKK 839.0m
Operating income	DKK 4.06bn	DKK 4.71bn	DKK 4.15bn	DKK 3.21bn	DKK 3.44bn	DKK 1.53bn	DKK 2.15bn	DKK 2.53bn	DKK 2.34bn	DKK 1.94bn
Net income	DKK 1.54bn	DKK 2.39bn	DKK 1.79bn	DKK 2.08bn	DKK 2.51bn	DKK 1.12bn	DKK 1.46bn	DKK 1.82bn	DKK 1.75bn	DKK 1.46bn
Diluted earnings per share	7.33	11.21	8.04	9.29	10.81	4.68	6.02	7.38	6.87	5.57

Balance sheet

At each fiscal year end

	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016
Total assets	DKK 39.07bn	DKK 32.45bn	DKK 30.55bn	DKK 29.86bn	DKK 24.86bn	DKK 21.93bn	DKK 21.80bn	DKK 17.93bn	DKK 16.22bn	DKK 15.55bn
Cash and short-term investments	DKK 1.33bn	DKK 1.11bn	DKK 1.14bn	DKK 1.13bn	DKK 1.17bn	DKK 952.0m	DKK 792.0m	DKK 630.0m	DKK 697.0m	DKK 710.0m
Total liabilities	DKK 29.16bn	DKK 22.81bn	DKK 21.21bn	DKK 21.30bn	DKK 16.88bn	DKK 13.65bn	DKK 14.15bn	DKK 10.88bn	DKK 8.79bn	DKK 8.58bn
Debt	DKK 20.99bn	DKK 15.68bn	DKK 14.45bn	DKK 15.08bn	DKK 11.34bn	DKK 9.00bn	DKK 9.99bn	DKK 7.13bn	DKK 5.57bn	DKK 5.51bn
Shareholders' equity	DKK 9.84bn	DKK 9.56bn	DKK 9.26bn	DKK 8.56bn	DKK 7.98bn	DKK 8.25bn	DKK 7.64bn	DKK 7.05bn	DKK 7.43bn	DKK 6.96bn
Shares outstanding	211m	213m	223m	224m	232m	240m	243m	247m	255m	262m

Cash flow

Fiscal years

	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016
Cash from operations	DKK 3.95bn	DKK 4.08bn	DKK 4.33bn	DKK 2.62bn	DKK 3.27bn	DKK 2.62bn	DKK 2.15bn	DKK 1.68bn	DKK 1.87bn	DKK 1.68bn
Capital spending	−DKK 652.0m	−DKK 779.0m	−DKK 654.0m	−DKK 924.0m	−DKK 722.0m	−DKK 681.0m	−DKK 766.0m	−DKK 618.0m	−DKK 438.0m	−DKK 471.0m
Free cash flow	DKK 3.30bn	DKK 3.30bn	DKK 3.68bn	DKK 1.70bn	DKK 2.55bn	DKK 1.94bn	DKK 1.38bn	DKK 1.06bn	DKK 1.43bn	DKK 1.21bn

Latest quarters

By quarter end

	Jun 2026	Dec 2025	Jun 2025	Dec 2024	Jun 2024	Mar 2024	Dec 2023	Sept 2023
Revenue	DKK 12.98bn	DKK 11.80bn	DKK 11.25bn	DKK 11.33bn	DKK 11.09bn	DKK 5.54bn	DKK 11.35bn	DKK 5.64bn
Gross profit	DKK 10.03bn	DKK 7.56bn	DKK 8.55bn	DKK 8.58bn	DKK 8.51bn	DKK 4.25bn	DKK 8.43bn	DKK 4.19bn
Operating income	DKK 2.22bn	DKK 2.21bn	DKK 1.85bn	DKK 2.24bn	DKK 2.19bn	DKK 1.10bn	DKK 2.06bn	DKK 1.06bn
Net income	DKK 1.19bn	DKK 428.0m	DKK 1.12bn	DKK 1.18bn	DKK 1.20bn	DKK 599.5m	DKK 1.21bn	DKK 647.5m
Diluted earnings per share	5.68	2.03	5.30	5.53	5.63	2.81	5.44	2.90
Cash from operations	DKK 1.60bn	DKK 2.36bn	DKK 1.59bn	DKK 2.48bn	DKK 1.20bn	DKK 599.0m	DKK 2.25bn	DKK 1.21bn
Capital spending	−DKK 259.0m	−DKK 333.0m	−DKK 319.0m	−DKK 288.0m	−DKK 288.0m	−DKK 144.0m	−DKK 566.0m	−DKK 169.0m
Free cash flow	DKK 1.34bn	DKK 2.03bn	DKK 1.27bn	DKK 2.19bn	DKK 911.0m	DKK 455.0m	DKK 1.68bn	DKK 1.04bn
Total assets	DKK 40.02bn	DKK 39.07bn	DKK 32.64bn	DKK 32.45bn	DKK 32.39bn	DKK 32.39bn	DKK 30.55bn	DKK 30.55bn
Cash and short-term investments	DKK 1.50bn	DKK 1.33bn	DKK 1.14bn	DKK 1.11bn	DKK 1.05bn	DKK 1.05bn	DKK 1.14bn	DKK 1.14bn
Debt	DKK 7.16bn	DKK 18.42bn	DKK 14.15bn	DKK 13.58bn	DKK 13.74bn	DKK 2.63bn	DKK 12.41bn	DKK 2.24bn
Shareholders' equity	DKK 11.24bn	DKK 9.84bn	DKK 9.40bn	DKK 9.56bn	DKK 9.44bn	DKK 9.44bn	DKK 9.26bn	DKK 9.26bn

Financial ratios

Data as of 20 Sept 2026

	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020
Gross margin	69.8%	76.2%	73.7%	74.4%	74.8%	70.4%
Operating margin	17.6%	21.0%	18.5%	16.3%	18.7%	10.6%
Net margin	6.7%	10.6%	8.0%	10.6%	13.7%	7.7%
Return on equity	15.7%	25.0%	19.4%	24.3%	31.5%	13.6%
Return on assets	4.0%	7.4%	5.9%	7.0%	10.1%	5.1%
Free cash flow yield	7.3%	7.6%	7.5%	5.3%	5.7%	4.6%
Revenue growth	2.9%	-0.1%	13.9%	7.2%	27.1%	-3.2%
Earnings growth	-35.3%	33.0%	-13.8%	-17.2%	124.2%	-23.3%
Current ratio	1.33x	1.63x	1.37x	0.87x	0.72x	0.91x
Debt to equity	1.87x	1.42x	1.34x	1.55x	1.22x	0.92x
Equity ratio	25.2%	29.5%	30.3%	28.7%	32.1%	37.6%
Interest coverage	7.35x	7.23x	7.42x	16.45x	31.61x	13.08x
R&D as a share of sales	5.8%	6.0%	6.3%	6.7%	7.3%	8.7%
Buybacks as a share of market value	1.1%	4.5%	0.4%	3.6%	3.1%	1.2%

Growth per year

Compound annual rate

	3 years	5 years	10 years
Revenue	5.4%	9.8%	8.0%
Operating income	8.2%	21.6%	8.0%
Net income	-9.5%	6.6%	0.7%

Average margins

Over each period

	1 year	3 years	5 years	10 years
Gross margin	73.0%	73.5%	73.3%	74.2%
Operating margin	19.3%	18.4%	17.5%	17.2%
Net margin	8.6%	8.9%	9.5%	10.5%

Valuation history

At each fiscal year end

	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016
Price to earnings	29.3	23.6	36.8	20.7	31.0	51.5	34.8	25.1	25.2	22.0
Price to sales	2.0	2.5	2.9	2.2	4.2	4.0	3.4	3.3	3.4	2.7

Dividends and splits

Per share, in the currency the company pays

Paid for 0 years. Last went ex-dividend on 26 Apr 2000.

	FY2000	FY1999	FY1998	FY1997	FY1996	FY1995
Paid in the year	0.12	0.094	0.072	0.06	0.04	0.03

5-for-1 split · 25 May 2016
5-for-1 split · 8 May 2000
4-for-1 split · 3 Jun 1997

Sources and methodology

Data on this tab: Our data supplier
Chart on the Overview: TradingView

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Demant A/S DEMANT.CO · DKK

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At a glance

Income statement

Balance sheet

Cash flow

Latest quarters

Financial ratios

Growth per year

Average margins

Valuation history

Dividends and splits

Sources and methodology