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STOCKS NEWS EUROPE-William Demant up on H2 earnings upgrade

Mon Nov 16, 2009 4:05am EST

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Shares in Danish haering aid maker William Demant (WDH.CO) rise 3.7 percent, outperforming rivals such as Swiss Sonova (SOON.VX) and GN Store Nord (GN.CO) of Denmark, after William Demant upgrades its revenue and operating profit forecasts for the second half of 2009.

William Demant also says it expects its wholesale revenue growth to outpace market growth.

"This shows that they are doing well," says Jyske Bank analyst Lars Paulsen, noting that William Demant's revenue growth in the third quarter clearly exceeded that of the first half.

Sonova is up 1.3 percent and GN Store Nord is trading 2.5 percent higher. For more double click on [ID:nLG214972]

Reuters Messaging rm://peter.starck.reuters.com@reuters.net


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