11/11/2008 | 07:00 CET | Financial news

Half-Year Results 2008/09

Solid growth in a demanding market environment

In the first half of the financial year 2008/09 the Sonova Group demonstrated its ability to withstand weaker economic conditions, thanks to its innovative and well-diversified product portfolio. Based on the first-half results, the Sonova Group expects to be able to exceed the growth rate of the hearing instrument market in the full financial year 2008/09 as well.

Sales growth of 8.8% in local currencies (thereof 7.4% organic and 1.4% from acquisitions) significantly exceeds hearing instrument market growth

Sales growth of 0.6% in CHF is impacted by negative currency effects of -8.2%

64% of sales generated from products launched in the last two years

Negative currency effects can be offset to a large extent by effective cost management; the EBITA margin therefore finishes at 26.5%, only slightly below the previous year’s level of 26.9%

Earnings per share of CHF 2.063 maintained at previous year’s level

EUHA October 2008: Phonak’s new hearing system families Certéna and Versáta complement the product range based on the CORE platform. Unitron Hearing launches “360”, a hearing system for people with severe hearing loss

Outlook for the financial year 2008/09: Based on the current market conditions, the Sonova Group expects organic sales growth of 7-9% and an EBITA margin of around 27%

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