Demant (CPH: DEMANT) financial statements

The consolidated income statement, balance sheet and cash flow statement of Demant for its last 7 fiscal years, as filed with the regulator, in millions of Danish kroner. At the end of fiscal 2025 it had DKK 39,074m in total assets and DKK 9,842m in equity.

Income statement

Item	2025	2024	2023	2022	2021	2020	2019
Revenue	DKK 22,971m	DKK 22,419m	DKK 21,601m	DKK 19,705m	DKK 17,905m	DKK 14,469m	DKK 14,946m
Cost of sales	DKK 5,600m	DKK 5,329m	DKK 5,281m	DKK 5,036m	DKK 4,447m	DKK 4,276m	DKK 3,621m
Gross profit	DKK 17,371m	DKK 17,090m	DKK 16,320m	DKK 14,669m	DKK 13,458m	DKK 10,193m	DKK 11,325m
Operating profit	DKK 3,832m	DKK 4,528m	DKK 4,506m	DKK 3,207m	DKK 3,663m	DKK 1,530m	DKK 2,151m
Finance costs	DKK 833.0m	DKK 925.0m	DKK 856.0m	DKK 363.0m	DKK 244.0m	DKK 232.0m	DKK 281.0m
Profit before tax	DKK 3,101m	DKK 3,716m	DKK 3,745m	DKK 2,927m	DKK 3,461m	DKK 1,336m	DKK 1,911m
Income tax	DKK 734.0m	DKK 824.0m	DKK 922.0m	DKK 651.0m	DKK 750.0m	DKK 202.0m	DKK 444.0m
Net profit	DKK 1,545m	DKK 2,387m	DKK 1,795m	DKK 2,082m	DKK 2,513m	DKK 1,121m	DKK 1,462m
Earnings per share	DKK 7.31	DKK 10.99	DKK 8.04	DKK 9.21	DKK 10.70	DKK 4.68	DKK 6.00
Diluted earnings per share	DKK 7.31	DKK 10.99	DKK 8.04	DKK 9.21	DKK 10.70	DKK 4.68	DKK 6.00

Balance sheet

Item	2025	2024	2023	2022	2021	2020	2019
Total assets	DKK 39,074m	DKK 32,450m	DKK 30,546m	DKK 29,857m	DKK 24,860m	DKK 21,927m	DKK 21,798m
Current assets	DKK 10,075m	DKK 9,921m	DKK 9,384m	DKK 10,022m	DKK 7,886m	DKK 6,687m	DKK 6,914m
Inventories	DKK 2,620m	DKK 2,500m	DKK 2,845m	DKK 2,904m	DKK 2,366m	DKK 1,968m	DKK 1,852m
Property, plant and equipment	DKK 3,428m	DKK 2,909m	DKK 2,813m	DKK 2,553m	DKK 2,277m	DKK 2,139m	DKK 2,061m
Goodwill	DKK 19,034m	DKK 13,854m	DKK 12,381m	DKK 11,488m	DKK 9,471m	DKK 8,320m	DKK 7,826m
Cash	DKK 1,330m	DKK 1,112m	DKK 1,138m	DKK 1,130m	DKK 1,172m	DKK 952.0m	DKK 792.0m
Total liabilities	DKK 29,155m	DKK 22,806m	DKK 21,208m	DKK 21,295m	DKK 16,879m	DKK 13,648m	DKK 14,153m
Current liabilities	DKK 7,423m	DKK 6,095m	DKK 6,862m	DKK 11,569m	DKK 10,973m	DKK 7,374m	DKK 8,844m
Equity	DKK 9,842m	DKK 9,564m	DKK 9,256m	DKK 8,561m	DKK 7,977m	DKK 8,250m	DKK 7,636m
Equity including minorities	DKK 9,919m	DKK 9,644m	DKK 9,338m	DKK 8,562m	DKK 7,981m	DKK 8,279m	DKK 7,645m
Minority interests	DKK 77.0m	DKK 80.0m	DKK 82.0m	DKK 1.0m	DKK 4.0m	DKK 29.0m	DKK 9.0m

Cash flow statement

Item	2025	2024	2023	2022	2021	2020	2019
Operating cash flow	DKK 3,852m	DKK 4,080m	DKK 4,458m	DKK 2,622m	DKK 3,593m	DKK 2,621m	DKK 2,149m
Investing cash flow	−DKK 7,043m	−DKK 1,828m	−DKK 1,771m	−DKK 3,328m	−DKK 1,302m	−DKK 992.0m	−DKK 1,414m
Financing cash flow	DKK 3,325m	−DKK 2,239m	−DKK 2,413m	DKK 934.0m	−DKK 1,778m	−DKK 1,435m	−DKK 192.0m
Capital expenditure	DKK 652.0m	DKK 576.0m	DKK 643.0m	DKK 647.0m	DKK 562.0m	DKK 507.0m	DKK 571.0m

Where each figure comes from

From the annual report Demant files every year in the European single electronic format (ESEF). The filing for each fiscal year: 2025 · 2024 · 2023 · 2022 · 2021 · 2020. If an item is not tagged in the filing, it is not in the table. The summary of the last fiscal year is on the Demant page.

Information prepared from the accounts the company files with the regulator, for information purposes only. It is not financial advice or a recommendation to buy or sell. Updated on 12 November 2026.