Sonova Group increases its net sales 11.6% in 2011

Accounts

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Sonova, the leading group in hearing solutions firms of which Phonak forms a part in Spain with its base in Sant Vicent del Raspeig (Alicante) has announced its end-of-year results for March 31, 2012. The group achieved a new sales record last financial year of 1,619.8m, which represents a rise of 11.6% in local currencies where it is operating, and 0.2% at the Swiss Franc rate in comparison with the previous year. Excluding any negative effect of currency conversion, the EBITA would show growth of approximately 71m Swiss Francs against the previous year: 1,348.7m Euros, which sources at Sonova claim is an increase of 0.2%. This record was achieved thanks to the contribution from the main geographical regions. Europe, the Middle-East, and Africa (with the exception of Switzerland) make up 39% of the group's sales, the result of growth in demand and market share. The USA made up 36% of total sales for the group last year, while progress in Brazil was significant. The Asia-Pacific region grew, with rates above average, in both hearing aids and hearing implants, making 10% of total sales. The group's executive underlines "the success of the launch of Phonak Spice hearing aids and the Unitron Era platform in this substantial growth." Basic gains per share in the firm grew from 3.50 Swiss Francs (2.9 Euros) to 3.71 (3 Euros) during the past year. Sonova is confident of solid growth in sales and gains in the fiscal year 2012-13 in both the hearing aid and implant segments. The firm forecasts an increase in overall sales by between 7-9% in local currencies, and IBITA growth of between 15% and 20% according to exchange rates of 1.21 Swiss Francs per Euro and 0.88 in Swiss Francs against the US dollar.

Christelle Minodier et José Luis Fernandez