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15/11/2006 | 07:00 CET | Financial news

Interim Results 2006/07

Strong start to Phonak financial year 2006/07

Announced acquisition of ReSound Group is an important milestone in securing the long-term success of the Phonak Group and will create significant added value for all stakeholders


  • Sales increase by 29.0% to CHF 504.2 million (whereof 15.6% organic, 12.7% from acquisitions, 0.7% from currencies)
  • EBITA margin improves to 25.1% (prior year 24.8%)
  • Income after taxes grows by 32.0% to CHF 102.2 million
  • Phonak organic sales growth of 15.6% clearly exceeds hearing instrument market growth
  • EUHA – Savia Art of Phonak again sets the benchmark in the hearing instrument industry
  • Hear the World – Plácido Domingo and the Vienna Philharmonic Orchestra support Phonak in raising the awareness of people around the world about the importance of hearing
  • In 2006/07 several new, highly competitive hearing systems have been launched: Savia Art, microPower, Verve Steinway Edition, Indigo, and Element
  • Outlook for financial year 2006/07:
    Continuous strong organic sales growth and further improvement of the EBITA margin. Due to the strong comparison base of the second half of 2005/06, sales growth will be lower in the second half of 2006/07