Sonova expects 2026 fiscal year growth at the lower end of guidance, will divest Sennheiser consumer business

LootboxPhobia · 2026-03-23T06:58:36+00:00

Sonova Holding is projecting full-year sales and profit growth at the lower end of its guidance range, announcing the sale of Sennheiser's consumer audio business, and setting a target of CHF 6 billion in revenue for fiscal year 2031. Future targets include a mid-term annual sales growth rate of 5%-10% and core EBIT growth rate of 7%-12%.

LootboxPhobia

2026-03-23 06:58:36

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Investing.com - Sonova Holding AG (SIX:SOON) announced on Monday that its full-year sales and profit growth will be at the lower end of its guidance range. The Swiss hearing aid manufacturer also announced plans to sell its Consumer Audio business under Sennheiser and set a target to reach CHF 6 billion in revenue by fiscal year 2031.

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Sonova stated that the sales growth and normalized EBITA growth for fiscal years 2025-26 will be at the lower end of the previously announced ranges of 5%-9% and 14%-18%, both calculated at fixed exchange rates.

The company reported sales of CHF 3.9 billion and net profit of CHF 547 million for fiscal year 2024-25. Headquartered in Stäfa, the company said that after a strategic portfolio review, it will divest its consumer hearing business licensed under the Sennheiser brand.

Until a buyer is identified, this business unit will be reclassified as discontinued operations starting from fiscal year 2025-26.

CEO Erik Bernhardt said, “By expanding design to lifestyle solutions and healthy aging, transforming and expanding our retail network, implementing country-specific discipline, and pursuing excellence in customer service and operations, we are confident in achieving above-market profit growth.”

Sonova has set a mid-term sales compound annual growth rate (CAGR) target of 5%-10% and a core EBIT CAGR target of 7%-12%, both in local currencies. The revenue target of CHF 6 billion for fiscal year 2030-31 represents significant growth compared to CHF 3.9 billion in fiscal year 2024-25.

The company also stated it will deepen coordination between its wholesale and retail divisions (formerly called Hearing Instruments and Hearing Care), leveraging store data to drive product development.

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