|Bid||218.10 x 0|
|Ask||218.20 x 0|
|Day's range||217.40 - 223.30|
|52-week range||141.00 - 258.60|
|Beta (5Y monthly)||N/A|
|PE ratio (TTM)||41.56|
|Earnings date||16 Nov 2020|
|Forward dividend & yield||N/A (N/A)|
|Ex-dividend date||17 Jun 2019|
|1y target est||174.40|
Sonova's <SOON.S> chief executive said sales at the world's largest maker of hearing aids could return near to levels before the coronavirus crisis by mid-2021, although visibility remains very low as the infection still spreads. Arnd Kaldowski told the Swiss online site The Market that the company would launch its newest technology platform when sales reached 65% to 75% of their former levels, something he said could happen by the end of October. Kaldowski, who this month announced job cuts amounting to about 5% of Sonova's roughly 15,000-strong workforce to help cope with falling sales, said the focus on the new technology platform was on sound improvements.
The pandemic hit hearing aid makers worldwide as many of their customers are over 70 and have been isolating at home to avoid catching COVID-19, the flu-like infection caused by the virus. The Swiss company said it expects first-half sales to drop 25-35% with single-digit earnings before interest, taxes and amortization (EBITA) margin at constant exchange rates.