PEER GROUP: Demant
Outlook 2020/21
Supported by the successful launch of the new Phonak Paradise platform and good momentum from our commercial initiatives, the Group expects to return to growth in the second half of the business year. Coupled with our efforts to optimize our organizational structure, this is expected to drive a strong growth in profitability for the remainder of the financial year. The guidance issued on September 28, 2020 is unchanged. For the second half of the financial year 2020/21, the Group expects revenue growth of 4%-8% and an increase of the adjusted EBITA in the range of 20%-30% compared with the prior year period, both at constant exchange rates. For financial year 2020/21, this implies a sales decline of 6%-8% and the adjusted EBITA to be at around prior year levels, both at constant exchange rates.
