19/05/2009 | 08:00 CEST | Financial news
Full-Year Results 2008/09
Sonova achieves strong organic sales growth of 7.8% and extends its position as market and innovation leader
Despite the adverse economic climate, Sonova managed to achieve record sales of CHF 1,249 million and further expanded its market share on the back of organic growth of 7.8% in local currencies and 3.0% growth from acquisitions. Profitability was maintained at a high level, with an EBITA margin of 26.6%. Income after taxes amounted to CHF 284 million.
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New sales record of CHF 1,249 million – the Sonova Group has increased its market share to around 23%, making it the world’s biggest manufacturer of hearing systems according to sales
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Organic sales growth of 7.8% significantly exceeded hearing instrument market growth
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3.0% growth by acquisitions – distribution network further strengthened through acquisition and foundation of new Group Companies
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EBITA margin of 26.6% maintained at a high level despite negative currency effects
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62% of sales achieved with products launched less than two years ago – most innovative and comprehensive product portfolio in the industry
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New product releases: the hearing systems Versáta, Certéna, Audéo YES, Next and 360 set new benchmarks in hearing system technology
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Solid income after taxes of CHF 284 million achieved – proposal of unchanged dividend of CHF 1.00 to the Annual General Shareholders’ Meeting
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Board of Directors proposes the election of three new members to the Annual General Shareholders’ Meeting
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Positive outlook for the financial year 2009/10: based on current market conditions, the Sonova Group expects an organic growth of 6–8% in local currencies and an EBITA margin around the previous year’s level