Sonova forecasts higher 2025 results, announces CEO change
The Swiss group said it expected its operating earnings before amortisation (EBITA) to grow by 14% to 18% and sales to rise by 5% to 9% in the year through March 2026, after it reported better than expected results for the prior year.
The outlook assumes no significant additional tariffs beyond those already known, Sonova said. Both metrics are given in constant exchange rates and normalised for special items, but include restructuring costs.
"We are entering the new financial year from a position of strength," CEO Arnd Kaldowski said in a statement.
As tech-driven competition intensifies in the hearing aid sector, Sonova's strong annual performance demonstrates market share gains that were bolstered by the rollout of its new product platform in August.
Sonova's hearing aid business could also face smaller financial impact from U.S. import duties than many other sectors, as its products are crucial in addressing hearing loss, which may support demand despite extra costs.
However, overall market uncertainty may slow patient inflows in the short term, Vontobel analysts wrote ahead of the results.
In the fiscal 2024/25, Sonova's sales rose 6.6% in constant currency to 3.87 billion Swiss francs ($4.66 billion), beating analysts' estimate of 3.84 billion francs. Its adjusted EBITA grew 4.7% to 807.8 million francs, versus a consensus of 804.9 million francs.
It also said that Kaldowski, who has served as Sonova's CEO for nearly eight years, would step down in September due to personal reasons.
Sonova's board has appointed Eric Bernard, a former CEO of hearing care company WS Audiology, as its new chief executive starting from October.
($1 = 0.8310 Swiss francs)
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