Sonova Holding AG (SOON.S)
23 May 2018
Tue, May 22 2018
ZURICH Sonova's sales growth for this fiscal year may be less than half its mid-term target, the world's biggest hearing aid maker said on Tuesday, partly because of the impact of U.S. disposals and restructuring.
* To add features to hearing aids late in year (Recasts to focus on targets, adds CEO, analyst comment)
ZURICH, May 22 Swiss hearing aid maker Sonova boosted full-year profit by 14.4 percent, helped by what it called "strong momentum" in its largest markets in Europe, the Middle East and Africa.
* SAYS AT MAY 2018 EXCHANGE RATES, GUIDANCE IMPLIES A MID-TEENS GROWTH IN REPORTED EPS IN SWISS FRANCS FOR 2018/19
* SAYS UBS FUND MANAGEMENT CONTROLS LESS THAN 3% OF SONOVA HOLDING AG Source text for Eikon: Further company coverage:
* REPURCHASED REGISTERED SHARES FOR TOTAL AMOUNT OF CHF 241.0 MILLION AT AVERAGE PURCHASE PRICE OF CHF 130.81PER SHARE Source text for Eikon: Further company coverage: (Gdynia Newsroom)