Sonova is king of the hearing aid groups
Sonova dwarfs the public, Danish hearing device groups GN Store Nord and William Demant as measured by revenue and the Swiss group is also better when it comes to making a profit. But just how far behind are the Danish companies?
BY BENJAMIN WERNER CHRISTENSEN
Bigger and better – that seems to be a fiting description of the Swiss hearing device group Sonova when comparing the company to its Danish rivals William Demant and GN Store Nord, represented by its hearing aid division GN ReSound. MedWatch has looked at the companies’ financial reports and calculated the EBITA (Earnings Before Interests, Taxes and Amortizations) margins of each company.
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