Sonova full-year profit misses market expectations

(Reuters) - Swiss Sonova on Tuesday reported full-year core profit below market expectations, citing expected dilution from the first time consolidation of recent acquisitions as well as input cost headwinds.

The world's largest maker of hearing aids posted adjusted earnings before interest, tax and amortization (EBITA) of 840.4 million Swiss francs ($945.44 million) for the fiscal year ended March 31, missing analysts' forecast of 859.7 million francs seen in a poll by Vara Research.

For 2023/2024, the group said it expected consolidated sales to increase by 3%-7% and adjusted EBITA to grow in the range of 6%-10%, measured at constant exchange rates.

($1 = 0.8889 Swiss francs)

(Reporting by Anastasiia Kozlova and Ozan Ergenay; Editing by Kim Coghill)