Sonova Holding AG : FY review – results in line, outlook a notch better but skewed towards H2
>FY review – in line on top and bottom line - Sonova’s FY 2023-24 revenues of CHF 3,626.9m (-3.0% y-o-y, in line vs ODDO BHF/consensus) were driven by weak organic growth of 1.6% (vs 2.1%/2.1%% expected). External growth was 1.6% supported by the expansion of the acoustic care network. Forex created a headwind of 620bp. Group adj. EBITA of CHF 771.4m (-8.2% y-o-y, margin 21.3%) was 1%/0% compared with expectations. EPS reached CHF 10.06, which is3%/11% ahead of expect...Sonova Holding is a hearing instrument manufacturer based in Switzerland. Co. specializes in the design, development, manufacture, and worldwide distribution of technologically advanced wireless and hearing systems for adults and children with hearing impairment. Co. offers a range of digital hearing instruments, along with high tech specialty products and complementary wireless communications systems. Co. comprises two hearing instrument divisions, Phonak and Unitron Hearing, as well as Phonak Communications, a developer of wireless communication devices for both hearing instrument and other applications.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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