MedWatch

Sonova-owned hearing company plummets on top and bottom lines – survives at the mercy of owner

Danish firm Advanced Bionics has had a smaller revenue and has generated a smaller income than the year before. Having lost last year's tender for implants, the company continues to struggle and now survives at the mercy of its owner, which has promised to support it for a year, starting at the time of the fiscal report in March.

Photo: Stringer/Reuters/Ritzau Scanpix

Just like last year, the Danish subsidiary to Sonova-owned Advanced Bionics, has not been able to maintain the growth of previous years in the most recent fiscal year for selling Cochlear implants, which is the firm's focal point.

The Denmark-based company had to settle for second place, when the winner of the first national tender for cochlear implants was announced in 2018 with three competitors – and the firm is still affected by this defeat.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from MedWatch

Further reading

Related articles

Latest news

See all jobs