Demant drops after FY outlook cut

** Shares in Demant DEMANT fall 4% after the Danish hearing solutions provider cut its full-year outlook, citing lower growth in the global hearing aid market in 2025 and an expected negative impact of exchange rate developments

** Jefferies analysts note in-line Q1 sales, but a small organic sales growth miss, with a "weakish" wholesale segment only partly offset by solid performance in retail

** Demant now sees its organic growth in 2025 at 1%-5% versus previously expected 3%-7%

** In light of a slow start to the year, reduced market expectations also led to a cut in the FY25 adjusted EBIT margin forecast to 18.1%-19.1%, down from 18.9%-19.9%, Jefferies analysts say

** Shares, on track for their worst day since early February, if loses hold, are among worst performers on STOXX 600 SXXP index