Sonova: A dynamic start to the new financial year
November 13, 2007 | by Sonova Holding AG
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November 13, 2007, With all its brands continuing to enjoy vigorous growth, and a further improvement in profitability, Sonova has continued to build its leading position in the market for innovative hearing solutions. The results achieved in the first half of 2007/08 put the company in a good position to clearly beat overall hearing instrument market growth in the full financial year 2007/08.
-Sales increase by 18.3% to CHF 596.3 million (thereof 15.4% organic) and market share gains in all major markets
-EBITA margin (excluding one-off costs for the prohibited ReSound acquisition) rises to 26.9% (prior year 25.1%)
-Income after taxes (excluding one-off costs) grows by 35.6% to CHF 138.5 million. Reported income after taxes reaches CHF 107.4 million
-69% of total sales are generated with products introduced less than 2 years ago
-In the first half of 2007/08 several new, highly competitive hearing systems have been launched: Audéo, the personal communication assistant, Una in the entry-level segment and Moxi from Unitron Hearing
-In October 2007, the Sonova hearing system brands launched four innovative products: The hearing systems Exélia, Naída, Yuu and inspiro set new benchmarks in the hearing instrument industry
-Outlook for the financial year 2007/08: We expect to further expand our market share and anticipate organic sales growth of over 10%, as well as a continuing improvement of the EBITA margin
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Source: Sonova Holding AG, Press release