Sonova's half-year core profit lags market view as exchange rates weigh
14/11/2025 06:00
Nov 14 (Reuters) -
Swiss hearing aid maker Sonova Holding SOON.S reported a half-year core profit below market expectations on Friday, citing unfavourable currency exchange rates.
The world's largest maker of hearing aids posted earnings before interest, taxes and amortisation (EBITA), normalized for non-recurring items, of 316.1 million Swiss francs ($398.6 million), missing the average forecast of 332.1 million fracs from analysts polled by Vara.
Converting local currency results into Swiss francs cost Sonova 44.9 million francs in the first half of the financial year that began in April, it said.
Sonova confirmed its full-year outlook for 14–18% growth in normalised core earnings based on constant exchange rates. However, it now expects adverse currency exchange conditions to impact the result by 13–14%, rather than the previously guided 5–6% hit.
It expects reported sales growth to be reduced by around 6%, versus 4% seen in May, based on exchange rates at the end of October.
($1 = 0.7931 Swiss francs)
(Reporting by Amir Orusov and Anastasiia Kozlova in Gdansk, editing by Milla Nissi-Prussak)
((Amir.Orusov@thomsonreuters.com ; Anastasiia.Kozlova@thomsonreuters.com))