November 19, 2019 / 6:22 AM / 18 days ago

Sonova lifts outlook, says grabbed market share from rivals in H1

ZURICH, Nov 19 (Reuters) - Sonova lifted its full-year 2019/2020 sales outlook on Tuesday after the Swiss hearing aid maker said a new device took market share from rivals in the first half.

Sonova now expects sales to grow by 8-10% and adjusted earnings before interest, taxes and amortisation to rise 12-15%, both measured in local currencies, it said in a statement. Consolidated sales rose 12% in local currencies to 1.43 billion Swiss francs ($1.45 billion) in the first half. ($1 = 0.9895 Swiss francs) (Reporting by John Miller; editing by Brenna Hughes Neghaiwi)

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