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Current outlook

Outlook 2018/19 as of May 22, 2018

We expect continued solid growth in sales and profitability across the hearing instruments and cochlear implants segments during 2018/19, supported by our attractive product and solutions portfolio and our continued commitment to innovation.

Organic growth is expected to reach 3%-5%. The net impact of acquisitions and of the disposal of non-core retail assets as well as the US Hearing Service Plan business is expected to reduce growth by around 1% with a small impact on profitability. We therefore expect overall sales to grow in the range of 2%-4% and EBITA to increase by 6%-9% (compared to normalized FY 2017/18 EBITA), both measured in local currencies.

Sales*

in percentage

Guidance
FY 2018/19

Organic sales growth in LC +3%-5%
thereof M&A ca. - 1%
Sales growth in local currencies +2%-4%

EBITA*

in percentage Guidance
FY 2018/19
EBITA growth in local currencies +6%-9%

* EBITA guidance refers to LC growth over normalized FY 2017/18 EBITA.

While actual reported results may vary based on currency fluctuations, Sonova continues to mitigate the impact of currency fluctuations on earnings growth through its long-term global resource allocation strategy. 

Sensitivities*: A strengthening of the USD by 5% would affect sales in the financial year by approximately CHF +39 Mio. and EBITA by approximately CHF +9 Mio. The corresponding effect of a 5% stronger EUR would be CHF +53 Mio. on sales and CHF +23 Mio. on EBITA.