Sonova Has No Plans for Share Buyback, SonntagsZeitung Says

Sonova Holding AG (SOON) has “no concrete plans” for a share buyback at present, SonntagsZeitung reported, citing Chief Executive Officer Lukas Braunschweiler.

Revenue this year will probably rise by 7 percent to 9 percent, while earnings before interest, tax and amortization will probably gain 15 percent to 20 percent, Braunschweiler said in an interview in today’s newspaper, repeating an earlier forecast.

To contact the reporter on this story: Dermot Doherty in Geneva at ddoherty9@bloomberg.net

To contact the editor responsible for this story: Celeste Perri at cperri@bloomberg.net

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