💨 Abstract

Sonova, the world's largest hearing aid manufacturer, reported lower-than-expected half-year core profit due to costs associated with the launch of its AI-enhanced hearing device. Despite this, the company reaffirmed its yearly targets, expecting increased profitability in the second half due to stronger sales and easing launch costs. To improve profitability, Sonova has initiated cost-saving measures.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖