Demant Management

Management criteria checks 2/4

Demant's CEO is Søren Nielsen, appointed in Sep 2015, has a tenure of 9.17 years. total yearly compensation is DKK23.00M, comprised of 54.3% salary and 45.7% bonuses, including company stock and options. directly owns 0.017% of the company’s shares, worth €1.32M. The average tenure of the management team and the board of directors is 2.6 years and 4.2 years respectively.

Key information

Søren Nielsen

Chief executive officer

DKK 23.0m

Total compensation

CEO salary percentage	54.3%
CEO tenure	9.2yrs
CEO ownership	0.02%
Management average tenure	2.6yrs
Board average tenure	4.2yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Søren Nielsen's remuneration changed compared to Demant's earnings?
Date	Total Compensation	Salary	Company Earnings
Jun 30 2024	n/a	n/a	DKK 3b
Mar 31 2024	n/a	n/a	DKK 3b
Dec 31 2023	DKK 23m	DKK 13m	DKK 3b
Sep 30 2023	n/a	n/a	DKK 3b
Jun 30 2023	n/a	n/a	DKK 2b
Mar 31 2023	n/a	n/a	DKK 2b
Dec 31 2022	DKK 18m	DKK 12m	DKK 2b
Sep 30 2022	n/a	n/a	DKK 2b
Jun 30 2022	n/a	n/a	DKK 3b
Mar 31 2022	n/a	n/a	DKK 3b
Dec 31 2021	DKK 17m	DKK 13m	DKK 3b
Sep 30 2021	n/a	n/a	DKK 2b
Jun 30 2021	n/a	n/a	DKK 2b
Mar 31 2021	n/a	n/a	DKK 2b
Dec 31 2020	DKK 15m	DKK 12m	DKK 1b
Sep 30 2020	n/a	n/a	DKK 970m
Jun 30 2020	n/a	n/a	DKK 818m
Mar 31 2020	n/a	n/a	DKK 1b
Dec 31 2019	DKK 15m	DKK 13m	DKK 1b
Sep 30 2019	n/a	n/a	DKK 2b
Jun 30 2019	n/a	n/a	DKK 2b
Mar 31 2019	n/a	n/a	DKK 2b
Dec 31 2018	DKK 13m	DKK 12m	DKK 2b
Sep 30 2018	n/a	n/a	DKK 2b
Jun 30 2018	n/a	n/a	DKK 2b
Mar 31 2018	n/a	n/a	DKK 2b
Dec 31 2017	DKK 15m	DKK 10m	DKK 2b

Compensation vs Market: Søren's total compensation ($USD3.25M) is above average for companies of similar size in the Austrian market ($USD2.50M).

Compensation vs Earnings: Søren's compensation has increased by more than 20% in the past year.

CEO

Søren Nielsen (54 yo)

9.2yrs

Tenure

DKK 23,000,000

Compensation

Mr. Søren Nielsen has been the Chief Executive Officer and President of Demant A/S (formerly known as William Demant Holding A/S) since April 1, 2017 and has been its Member of Executive Board since Septem...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Søren Nielsen	CEO, President & Member of Executive Board	9.2yrs	DKK 23.00m	0.017% € 1.3m
René Schneider	CFO & Member of Executive Board	9.2yrs	DKK 11.10m	0.0098% € 757.7k
Niels Wagner	President of Hearing Care & Member of Executive Board	2.6yrs	DKK 8.80m	0.013% € 972.9k
Peter Pudselykke	Head of Investor Relations	less than a year	no data	no data
Trine Kromann-Mikkelsen	Vice President of Corporate Communication and Sustainability	no data	no data	no data
Finn Mohring	Senior Vice President of R&D	no data	no data	no data
Anne-Karen Hunt	President of Diagnostics Business Area	no data	no data	no data

2.6yrs

Average Tenure

53.5yo

Average Age

Experienced Management: DEMA's management team is considered experienced (2.6 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Niels Jacobsen	Deputy Chairman	7.6yrs	DKK 1.00m	0.41% € 32.0m
Niels Christiansen	Chairman	16.7yrs	DKK 1.35m	0.0037% € 286.4k
Sisse Rasmussen	Independent Director	3.7yrs	DKK 650.00k	no data
Kristian Villumsen	Independent Director	3.7yrs	DKK 550.00k	0.0019% € 147.1k
Thomas Duer	Staff-Elected Director	9.8yrs	DKK 338.00k	0.00061% € 47.2k
Anja Madsen	Independent Director	4.7yrs	DKK 450.00k	0.00069% € 53.4k
Heidir Horbye	Employee Representative Director	1.8yrs	DKK 338.00k	0.00027% € 20.9k
Anders Thomsen	Dierctor	no data	no data	no data

4.2yrs

Average Tenure

54yo

Average Age

Experienced Board: DEMA's board of directors are considered experienced (4.2 years average tenure).

Demant Management

Management criteria checks 2/4

Key information

Recent management updates

Demant A/S Appoints Anne-Karen Hunt as President of Diagnostics Business Area, Effective 1 November 2024

Demant A/S Announces Board Changes

Anja Madsen Announces Not to Stand for Re-Election to the Board of Directors of Demant A/S

Demant A/S Announces Executive Changes

Less than half of directors are independent

Less than half of directors are independent

Recent updates

Demant A/S Appoints Anne-Karen Hunt as President of Diagnostics Business Area, Effective 1 November 2024

Demant A/S Announces Board Changes

First half 2024 earnings released: EPS: kr.6.18 (vs kr.6.14 in 1H 2023)

Demant A/S Updates Earnings Guidance for the Year 2024

Investor sentiment deteriorates as stock falls 16%

Cochlear Limited (ASX:COH) acquired Oticon Medical A/s from Demant A/S (CPSE:DEMANT).

Demant A/S Provides Earnings Guidance for the Year 2024

Now 21% undervalued

Full year 2023 earnings released: EPS: kr.11.43 (vs kr.10.06 in FY 2022)

Anja Madsen Announces Not to Stand for Re-Election to the Board of Directors of Demant A/S

Demant A/S to Report Nine Months, 2024 Results on Nov 04, 2024

Now 20% undervalued

Demant A/S Provides Earnings Guidance for the Year 2023

New minor risk - Share price stability

Now 20% undervalued

First half 2023 earnings released: EPS: kr.5.63 (vs kr.5.07 in 1H 2022)

Now 21% undervalued after recent price drop

Now 21% undervalued

Demant A/S Announces Executive Changes

Now 20% undervalued

Investor sentiment improves as stock rises 16%

Full year 2022 earnings released: EPS: kr.10.06 (vs kr.10.70 in FY 2021)

Demant A/S to Report Fiscal Year 2022 Results on Feb 07, 2023

Less than half of directors are independent

Investor sentiment deteriorated over the past week

Demant A/S Revised Earnings Guidance for the Full Year of 2022

Demant A/S Revises Earnings Guidance for the Full Year 2022

Demant A/S (CPSE:DEMANT) acquired remaining 80% interest in ShengWang for CNY.

Less than half of directors are independent

Now 20% undervalued after recent price drop

Demant A/S Appoints Niels Wagner to the Board of Directors

Full year 2021 earnings: Revenues and EPS in line with analyst expectations

Now 21% undervalued after recent price drop

Demant A/S Announces Update on Voluntary Field Corrective Action

Demant A/Sreiterated Guidance for the Year 2021

Demant A/S Updates Earnings Guidance for the Year 2021

Independent Director has left the company

Independent Director has left the company

Full year 2020 earnings released: EPS kr.4.68 (vs kr.6.00 in FY 2019)

Revenue beats expectations

Demant A/S Announces Executive Changes

New 90-day high: €35.34

New 90-day high: €31.77

Demant Launches New Flagship Hearing aids

Demant A/S, Annual General Meeting, Mar 05, 2021

Demant A/S Revises Earnings Guidance for the Second Half of Fiscal Year 2020

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure

Average Age