Revenues were in line with expectations as a deceleration in sales growth in the hearing instruments wholesale business was offset by a pick-up in momentum in the retail division. However, declining ASPs, resulting from a mature product portfolio and stiff competition, suppressed profitability. With a new product now out in the market, ASP’s should improve and thus bolster the top-line as well as profitability in the second half of the year.
20 Nov 2018
Retail accelerates while wholesale loses pace
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Retail accelerates while wholesale loses pace
Sonova Holding AG (0QPY:LON) | 0 0 0.7% | Mkt Cap: 9,662m
- Published:
20 Nov 2018 -
Author:
Sumit Sayal -
Pages:
3
Revenues were in line with expectations as a deceleration in sales growth in the hearing instruments wholesale business was offset by a pick-up in momentum in the retail division. However, declining ASPs, resulting from a mature product portfolio and stiff competition, suppressed profitability. With a new product now out in the market, ASP’s should improve and thus bolster the top-line as well as profitability in the second half of the year.