Sonova Holding Ag Unsponsored Adr ( (SONVY) ) has released its Q2 earnings. Here is a breakdown of the information Sonova Holding Ag Unsponsored Adr presented to its investors.
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Sonova Holding AG is a leader in hearing care solutions, offering a range of products and services in the hearing instruments and cochlear implants sectors, recognized for its innovative technologies and commitment to sustainability. In its latest earnings report for the first half of 2024/25, Sonova reported consolidated sales of CHF 1,833.2 million, marking a growth of 5.9% in local currencies, despite challenging market conditions. However, profitability faced pressure from increased launch costs and currency headwinds, with adjusted EBITA down 3.7% in local currencies. Key highlights include the positive reception of the new Audéo Infinio and Sphere Infinio platforms, which utilize AI technology for superior sound separation. The Hearing Instruments segment showed a sales increase of 5.4%, while the Cochlear Implants segment grew by 12.5%, benefiting from strong system sales. Looking ahead, Sonova is optimistic about accelerated growth in the second half of the year, driven by new product reception, cost initiatives, and expected profitability improvements.
