Impacted by challenging market conditions in the US wholesale (competition) and retail business (repositioning of stores), Sonova reported FY17/18 organic sales growth (+3.8%) below the mid-term target range of +4-6%. However, as the next-gen SWORD product (launch expected in Q4 18/19) is likely to be a game-changer, we anticipate an acceleration thereafter.
05 Jun 2018
Mixed set of results; next-gen product likely to be a game-changer
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Mixed set of results; next-gen product likely to be a game-changer
Sonova Holding AG (0QPY:LON) | 0 0 0.7% | Mkt Cap: 9,662m
- Published:
05 Jun 2018 -
Author:
Sumit Sayal -
Pages:
3
Impacted by challenging market conditions in the US wholesale (competition) and retail business (repositioning of stores), Sonova reported FY17/18 organic sales growth (+3.8%) below the mid-term target range of +4-6%. However, as the next-gen SWORD product (launch expected in Q4 18/19) is likely to be a game-changer, we anticipate an acceleration thereafter.