Sonova's H1 Sales: AI-Powered Hearing Aids Boost Growth

Sonova, a leading hearing care company, reported a mixed performance in their first-half sales, with a 5% growth in local currencies but a 1% drop in Swiss francs due to currency exchange rates. Despite this, their normalized operating profit increased by 16% in local currencies. The companys hearing instruments and audiological care segments performed well, driven by AI-powered hearing aid launches and market outperformance. However, their consumer hearing and cochlear implant businesses saw declines due to tariff pressures and market changes in China. Sonova reaffirmed their full-year outlook, expecting sales growth of 5-9% and normalized operating profit growth of 14-18%, assuming stable exchange rates.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.