Demant falls as 2025 margin outlook disappoints

** Shares in Demant DEMANT fall 5.6% as the Danish hearing aid maker's 2025 forecast implies a cautious margin view

** Demant sees 2025 EBIT at DKK 4.5-4.9 billion, which Jefferies analysts say translates into margin of 18.9% to 19.9%

** "Cautious 2025 margin outlook may disappoint," Jefferies says, noting consensus for the metric stands at 19.9%

** Jefferies also sees "unexciting 2025 prospects" with no new product launches from the company

** Demant posted Q4 sales of DKK 5.93 billion ($827.57 million), broadly in line with a consensus of DKK 5.94 billion

** The stock is among the worst performers on the pan-European STOXX 600 index SXXP and on track for its worst day since July if the losses hold

($1 = 7.1656 Danish crowns)