Annual Report 2017/18
To our shareholders
Letter to shareholders
Sonova reached important milestones in 2017/18: achieving record sales and profits, launching breakthrough connectivity technology, integrating the AudioNova acquisition, and managing a smooth CEO transition.
Consolidated sales for the Sonova Group were CHF 2,646 million, an increase of 10.4 % in Swiss francs and of 9.0% in local currencies. Organic growth stood at 3.8%.
Excluding one-time costs, Group EBITA increased by 14.6% in Swiss francs and 12.3% in local currencies to CHF 551.6 million. As reported, Group EBITA reached CHF 532.5 million, up 15.0% over the prior year.