27/08/2024 | 08:00 CEST | Company announcement
Over the past decades, Sonova has continuously delivered breakthrough technology based on true consumer needs, which will be at the center of today’s Investor & Analyst Day presentations. The Group will showcase its two recently announced new hearing aid platforms, which includes Phonak Audéo Sphere™ Infinio, the world’s first hearing aid powered by a dedicated AI chip for real-time speech-from-noise separation. The agenda also includes an overview of Sonova’s strategy, business development expectations for the remainder of the year as well as recent developments in the hearing care market. In addition, management will provide insights into how Sonova is advancing its Audiological Care business and is generating value through Sonova X, the Group’s business system and mindset for continuous process improvement.
Stäfa (Switzerland), August 27, 2024 – Sonova Holding AG (SWX: SOON) today holds its 12th Investor & Analyst Day and welcomes the financial community in Stäfa. The event will be hosted by Arnd Kaldowski, CEO of Sonova, together with the senior management team.
Sonova confirms its outlook for the 2024/25 financial year and has seen a solid sales development so far in 2024. The Group continues to expect year-on-year growth of 6-9% in consolidated sales, and 7-11% in adjusted EBITA, both measured at constant exchange rates.
Initial market response to the newly launched platforms in August has been very positive, though revenue contribution in the first half will be limited. As previously communicated, profitability development in the first half of the financial year will be held back by typical launch-related factors, including significant expenses from recent marketing activities, pressure on average selling prices (ASP) before the introduction of new products, and increased costs related to manufacturing ramp-up.
Sales growth is anticipated to accelerate in the second half, driven by the recently launched products. With higher sales momentum, significantly lower launch costs, and higher ASPs, profitability is expected to grow strongly in 2H 2024/25.
Arnd Kaldowski, CEO of Sonova, says: “I look forward to welcoming the investment community at Sonova to talk about our progress in executing our strategy and our latest product launches. We will share how we have consistently pushed the boundaries of innovation over the past decades, including with our most recent platform introductions Infinio and Sphere Infinio. Attendees will have the opportunity to experience the benefits of our latest breakthrough in technology – the application of real-time Artificial Intelligence for speech-from-noise separation. Sphere Infinio represents the most significant advancement in over ten years for addressing the biggest challenge faced by individuals with hearing loss: understanding speech in background noise. This has been reflected in the overwhelmingly positive customer response so far and further strengthens our confidence in the outlook for the full year.”
The Investor & Analyst Day slide presentation as well as the live online webcast will be accessible from August 27, 2024, 11.00 CEST, on the Sonova website at: https://www.sonova.com/en/investors/presentations
The event will start at 11.00 CEST. A replay will be available.
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