Announced acquisition of ReSound Group is an important milestone in securing the long-term success of the Phonak Group and will create significant added value for all stakeholders
- Sales increase by 29.0% to CHF 504.2 million (whereof 15.6% organic, 12.7% from acquisitions, 0.7% from currencies)
- EBITA margin improves to 25.1% (prior year 24.8%)
- Income after taxes grows by 32.0% to CHF 102.2 million
- Phonak organic sales growth of 15.6% clearly exceeds hearing instrument market growth
- EUHA – Savia Art of Phonak again sets the benchmark in the hearing instrument industry
- Hear the World – Plácido Domingo and the Vienna Philharmonic Orchestra support Phonak in raising the awareness of people around the world about the importance of hearing
- In 2006/07 several new, highly competitive hearing systems have been launched: Savia Art, microPower, Verve Steinway Edition, Indigo, and Element
- Outlook for financial year 2006/07:
Continuous strong organic sales growth and further improvement of the EBITA margin. Due to the strong comparison base of the second half of 2005/06, sales growth will be lower in the second half of 2006/07