William Demant FY Operating Profit Meets Expectations

Thu Mar 6, 2008 11:03pm GMT
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COPENHAGEN (Reuters) - Danish hearing-aid maker William Demant (WDH.CO: Quote, Profile, Research) posted a 0.2 percent fall in full-year 2007 operating profit, in line with expectations, and forecast rising profits for 2008.

The company's earnings before interest and tax (EBIT) came in at 1.268 billion Danish crowns ($260.8 million), against the mean forecast in a Reuters poll of 14 analysts of 1.3 billion crowns and 1.271 billion crowns in 2006.

Demant forecast EBIT rising to between 1.4 billion and 1.5 billion crowns in 2008.

(Reporting by Gelu Sulugiuc)