Sonova Holding AG (LTS:0QPY)
CHF 275.65 -6.05 (-2.15%) Market Cap: 16.51 Bil Enterprise Value: 17.79 Bil PE Ratio: 27.55 PB Ratio: 6.68 GF Score: 94/100
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Sonova Holding AG to Discuss Voluntary Field Corrective Action by Its US Subsidiary Advanced Bionics LLC Call Transcript

Feb 18, 2020 / 07:30AM GMT
Release Date Price: CHF253.81 (-0.62%)
Operator

Ladies and gentlemen, welcome to the Sonova Conference Call. I am Shay, the Chorus Call operator. (Operator Instructions) The conference is being recorded. (Operator Instructions) The conference must not be recorded for publication or broadcast.

At this time, it's my pleasure to hand over to Mr. Arnd Kaldowski, CEO. Please go ahead, sir.

Arnd Kaldowski
Sonova Holding AG - CEO, COO & Member of Management Board

Shay, thank you for the introduction here. Good morning, everyone, thanks for being available on such short notice. As I think it's normal, if you have an ad hoc information you want to share with the capital market, I think a lot to digest on the press release we have shared this morning with you, therefore, we wanted to give you a chance to hear how we voice it over and then leave space for Q&A. I'm intending to talk for about 8 to 10 minutes, and then we have about 0.5 hour for the Q&A.

De facto, we've announced 2 significant points here with regard to a voluntary field corrective action on our AB business as well as a

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