26/04/2005 | 08:00 CEST | Financial news
The management of the Phonak Group is pleased to confirm its guidance for sales and EBITA for the fiscal year ended March 31, 2005.
The Phonak Group expects to post consolidated sales of CHF 679 million. Compared to the prior year, this represents a 9.4% increase in local currencies. The strengthening of the CHF, especially against the USD, led to a negative currency effect of 3.0% and a reported currency growth rate of 6.4%. Given this sales growth, management is confident to achieve an EBITA margin of more than 18%, compared to 16.2% in fiscal year 2003/04.