Sonova Holding AG : H1 review – Hearing aids strong but bottom-line miss
>H1 review – Slight beat on top line, bottom-line miss - Sonova’s H1 revenues of CHF 1,833m (+4.6% y-o-y , 1% ahead of ODDO BHF/consensus) were driven by solid organic growth of 4.5% (vs 4.6%/3.8%% expected). Forex created a headwind of 130bp. Group adj. EBITA of CHF 325m (-7.1% y-o-y, margin 17.7%) was -4%/-5% compared to ODDO BHF/consensus. EPS reached CHF 3.74, which is -7%/-4% vs expectations.Hearing instruments segment – hearing instruments with str...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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