Sonova Holding AG

SOON: XSWX (CHE)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	CHF 639.00	Mvzrgs	Rbcwklpv

Sonova Downgrades Fiscal-Year 2022-23 Guidance on Lower Revenue and Higher Costs in First Quarter

Alex Morozov

Aug 16, 2022

We are anticipating a moderate decrease in our fair value estimate of CHF 290 per share for narrow-moat Sonova following management’s guidance downgrade after the first quarter of fiscal-year 2022-23. This comes due to weaker-than-expected revenue and increased expenses driven by transportation and component costs and inflation. We aren’t making any changes to our moat rating.

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