May 19 (Reuters) - Swiss hearing aid maker Sonova reported a better-than-expected annual core earnings on Tuesday, citing success from a raft of measures taken to address the coronavirus crisis.
The world’s biggest hearing aid maker company said it adopted a proactive approach when the pandemic hit and adopted reduced work hours, cost-cutting measures and were also tapping further sources of liquidity.
Full-year earnings before interest, tax and amortisation (EBITA) came in at 620.8 million Swiss francs ($638.68 million), against consensus expectations of 609.7 million francs.
The Swiss company did not provide an outlook for 2020/2021, saying it is clearly too early to assess with any certainty the impact of the COVID-19 crisis.
$1 = 0.9720 Swiss francs Reporting by Zuzanna Szymanska in Gdansk, Editing by Sherry Jacob-Phillips