Sonova Holding PLC : Strong first half driven by Paradise
>Strong first half on top and bottom line - Sonova’ H1 revenues of CHF 1,603.8m (+49.9% y-o-y, 4%/2% vs ODDO BHF/consensus) were driven by strong organic growth of 46.6% (vs 40%/44% expected). External growth was only 30bp and forex created a tailwind of 300bp. Group EBITA of CHF 406.4m (+61.7% y-o-y, margin +25.3%) was 4% ahead of ODDO BHF’s and the consensus expectations. EBIT of CHF 372.2m (+61.8% y-o-y, margin +23.2%) was 1% ahead of consensus. Adjusted EPS reach...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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