Sonova Holding AG, the world’s leading provider of hearing systems, announced today, that the Group anticipates an organic sales growth of 17-18% and an EBITA margin of around 28% for the business year 2009/10 - barring unforeseen events.
“With one and a half months to go before the end of the business year, the better-than-expected demand for our products has allowed us to raise the outlook for the current business year”
“With one and a half months to go before the end of the business year, the better-than-expected demand for our products has allowed us to raise the outlook for the current business year,” said Valentin Chapero, CEO of Sonova Holding AG. ”The success of the recently launched products in particular has contributed strongly to this improved growth outlook and will enable us to make further sustained gains in market share. Furthermore, the market environment as a whole has also continued to improve,“ said Mr. Chapero.
The company issued its former outlook of 13-15% organic growth and an EBITA margin of 27-28% for the current business year as part of the semi-annual report in November 2009.
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