Sonova records substantial sales and earnings growth
Manufacturers
Sonova Holding AG has reported solid financial performance for the 2017/2018 financial year in a recent media release. The company achieved substantial growth in both sales and profit.
Concerning the numbers, sales reached CHF 2,645.9 million, a level up 10.4% in Swiss francs. Normalized for one-time costs, Group earnings before interest, taxes and amortization (EBITA) reached CHF 551.6 million, an increase of some 14.6%. Normalized earnings per share (EPS) increased 14.0% to CHF 6.36. In the cochlear implants segment, sales were CHF 222.9 million, up 8.6%.
The solid performance was driven by organic growth in both sales and profits, and was further supported by acquisitions. The company also reported that the launch of the Made For All wireless chip SWORD was a significant achievement, enabling Sonova to set a new industry benchmark for direct connectivity.
“Today’s results demonstrate the benefits of our consistent strategy implementation and reflect the ongoing success of Sonova’s innovative product portfolio, including our complete range of rechargeable solutions, and the success of our initial offering based on our unique 2.4 GHz Made For All wireless chip SWORD,” commented Arnd Kaldowski, CEO at Sonova. “We made good progress with integrating AudioNova and significantly expanded the profitability across the Group. Our full product pipeline and our broad global presence across all channels allow us to move even closer to the consumer and puts us on a clear path for sustained profitable growth,” he added.
Source: Sonova Media Relations
