Sonova Holding AG ( (CH:SOON) ) has shared an announcement.
Sonova Holding AG has completed its share buyback program, initially announced in April 2022, repurchasing 1,532,910 shares valued at approximately CHF 419.8 million. The buyback aimed at capital reduction was executed on the SIX Swiss Exchange, reflecting Sonova’s strategic financial management and potentially enhancing shareholder value.
More about Sonova Holding AG
Sonova is a globally leading provider of innovative hearing solutions, including personal audio devices, wireless communication solutions, audiological services, hearing aids, and cochlear implants. Founded in 1947 and headquartered in Stäfa, Switzerland, Sonova operates in four business areas: Hearing Instruments, Audiological Care, Consumer Hearing, and Cochlear Implants. The company serves a growing customer base in over 100 countries through brands like Phonak, Unitron, AudioNova, Sennheiser, and Advanced Bionics.
YTD Price Performance: -21.40%
Average Trading Volume: 155,176
Technical Sentiment Signal: Sell
Current Market Cap: CHF13.46B
For detailed information about SOON stock, go to TipRanks’ Stock Analysis page.