Annual Report 2020/21

To our shareholders

Letter to shareholders

Sonova has successfully navigated the challenges imposed by the COVID-19 pandemic and sustained positive momentum in the market recovery, achieving strong earnings growth and cash flow in the second half-year.


CHF million
–6.8% in local currencies

Group sales were CHF 2,602 million, a decrease of 6.8% in local currencies and 10.8% in Swiss francs. After a steep decline in the first quarter, sales recovered, returning to growth in the second half-year.


CHF million
+5.6 in local currencies

The adjusted Group EBITA reached CHF 603.0 million, up 5.6% in local currencies and but down 2.9% in Swiss francs. As reported, Group EBITA stood at CHF 663.3 million, up 30.5% in local currencies and 19.7% in Swiss francs.

Key figures

in CHF m

Sales by regions
in 2020/21 in %

Adjusted EBITA
in CHF m

Adjusted EPS
in CHF

Operating Free Cash Flow
in CHF m

Number of

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Annual Report 2020/21

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