UPDATE 1-Sonova full-year net tops poll, eyes strong growth

* 2009/10 net profit rises to 355 million Swiss francs

* Beats average Reuters forecast of 349 million francs

* Sees organic growth of 8-10 pct for 2010/11 financial year

(Adds detail, background)

ZURICH, May 18 (BestGrowthStock) – Swiss hearing aid maker Sonova
(SOON.VX: ) expects to outperform the market again after beating
forecasts with a 25 percent rise in full-year net profit as
patients went for its most recently launched products.

Net profit at the group rose to 355 million Swiss francs
($312.5 million), beating forecasts thanks to organic sales
growth of 18.4 percent in local currencies, which easily
outstripped the pace of growth in the hearing aid market.

Sonova said on Tuesday it expected organic sales growth of
8-10 percent in local currencies and an EBITA (earnings before
interest, tax, depreciation and amortisation) margin of 26-27
percent in its 2010/11 financial year.

Sonova reached an EBITA margin of 28 percent in 2009/10.

Sonova, which leads Siemens (SIEGn.DE: ) and William Demant
(WDH.CO: ) in the hearing aid market with a 25 percent market
share, raised its full-year targets earlier this year on the
back of stronger than expected sales. [ID:nLDE61H0AK]

William Demant said last week it expected the global hearing
aid market to see volume growth of 2-4 percent, while GN Store
Nord (GN.CO: ) raised its guidance for 2010 as sales of its
products were starting to pick up.[ID:nDKT004966]

Stock Market Research

(Reporting by Katie Reid)
($1=1.136 Swiss Franc)

UPDATE 1-Sonova full-year net tops poll, eyes strong growth