Sonova Group, formerly known as Sonova Holding AG, is a Swiss multinational manufacturer and distributor of hearing aids and other consumer electronics. Founded in 1947, the company is headquartered in Stäfa, Switzerland, and employs over 5,910 people worldwide. Sonova is publicly owned and its shares are listed on the SIX Swiss Exchange. The company's main products include hearing aids, cochlear implants, and other audiological devices. Sonova also offers a range of services, such as hearing screenings, hearing aid fittings, and aftercare. The company operates in over 100 countries and has a strong presence in Europe, North America, and Asia.
Sonova reported increased revenue driven by Bluetooth hearing aids, which met growing market demand for connectivity with mobile devices. The product launch resulted in a substantial acceleration of organic growth in the hearing instruments business during the second half of the business year. In anticipation of over-the-counter hearing aid sales approval in the U.S. by August 2020, Sonova prepared for increased competition. A financial analysis noted that Sonova's performance lagged recently, despite outperforming the S&P 500 over the previous twenty years.
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Sonova Group offers products in the media and telecoms services industry. Sonova Group's product portfolio comprises of consumer electronics.
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