Sonova Holding AG

SOON: XSWX (CHE)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Sonova Earnings: Strong Performance Masked by Currency Headwinds; Shares Undervalued

Max Jousma

Nov 14, 2025

Sonova reported 4.9% organic sales growth during the first half of the 2025-26 fiscal year and increased adjusted EBITA by 16% in constant currencies. Management reaffirmed its full-year outlook, expecting 5%-9% sales growth and 14%-18% adjusted EBITA growth in constant currencies.

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Sonova Holding AG

Sonova Earnings: Strong Performance Masked by Currency Headwinds; Shares Undervalued

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