Sonova raises guidance reflecting faster business recovery and expects to return to growth in 2H 2020/21:
“During the past months, our business has performed above expectations, driven by a strong product portfolio, the successful execution on our growth and productivity initiatives and supported by improved market conditions. This was only possible thanks to the dedication of our employees and swift action throughout our company to address the current market challenges. Supported by the successful launch of our new Phonak Paradise platform, we expect to return to positive growth in the second half of our business year. Coupled with the acceleration of our efforts to optimize our organizational structure, this is expected to drive a strong growth in profitability for the remainder of the financial year.” says Arnd Kaldowski, CEO of Sonova.
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