Annual Report 2010/11 - Sonova
Annual Report 2010/11 - Sonova Annual Report 2010/11 - Sonova
SALES BY REGIONS 2010/11 in % SALES in CHF m Switzerland USA Rest of Americas EMEA (excl. Switzerland) Asia/Pacific 37 8 3 900 800 700 600 500 400 300 200 100 0 2006/07 2007/081 2008/09 2009/102 1,600 1,500 1,400 1,300 1,200 1,100 1,000 2010/11 OPERATING FREE CASH FLOW in CHF m 450 400 350 300 250 200 150 100 50 0 2006/07 2007/081 2008/09 2009/102 2010/11 1) Excluding one-off costs for the prohibited acquisition of the GN ReSound Group. 2) Restated based on finalization of the acquisition accounting of Advanced Bionics. 15 37 SALES BY PRODUCT GROUPS 2010/11 in % EBITA in CHF m 450 400 350 300 250 200 150 100 50 0 First Class Hearing Instruments Business Class Hearing Instruments Economy Class Hearing Instruments Wireless Communication Systems Miscellaneous Hearing Implants 5 30 13 2006/07 2007/08 1 2008/09 2009/10 2 2010/11 INCOME AFTER TAXES in CHF m 450 400 350 300 250 200 150 100 50 0 2006/07 2007/08 1 2008/09 2009/10 2 2010/11 4 23 25 EBITA margin in % 45 40 35 30 25 20 15 10 5 0 CASH-BASED BASIC EARNINGS PER SHARE in CHF 9.00 8.00 7.00 6.00 5.00 4.00 3.00 2.00 1.00 0
02 Foreword 06 Sonova Group 16 HearinG inStrumentS 28 HearinG implantS 36 SuStainability – Employees – Clients and Suppliers – Products – Environment – Corporate Social Reponsibility 48 Corporate GovernanCe 65 CompenSation report 82 FinanCial review 90 5 year Key FiGureS 92 ConSolidated FinanCial StatementS – Consolidated Income Statements – Consolidated Statements of Comprehensive Income – Consolidated Balance Sheets – Consolidated Cash Flow Statements – Consolidated Changes in Equity – Notes to the Consolidated Financial Statements – Report of the Statuary Auditor on the Consolidated Financial Statements 150 FinanCial StatementS oF Sonova HoldinG aG – Income Statements – Balance Sheets – Notes to the Financial Statements – Appropriation of Available Earnings – Report of the Statutory Auditor on the Financial Statements 1
- Page 1 and 2: THE HEARING CARE COMPANY All the So
- Page 3: highLightS & Key figureS - New sale
- Page 7 and 8: from 2002 to 2004 and subsequently
- Page 9 and 10: eaKinG barrierS - with talent and t
- Page 11 and 12: ON THE WAY TO BECOMING A GLOBAL HEA
- Page 13 and 14: and a global distribution network e
- Page 15 and 16: THE SONOVA GROUP No hearring loosss
- Page 17 and 18: Better hearing for people with norm
- Page 19 and 20: StraiGHt From real liFe - cowboy ha
- Page 21 and 22: THE HEARING INSTRUMENT MARKET - CON
- Page 23 and 24: THE PHONAK SPICE GENERATION - THE S
- Page 25 and 26: WIDE RANGE OF HEARING INSTRUMENTS T
- Page 27 and 28: LYRIC - THE “CONTACT LENS FOR THE
- Page 29 and 30: Sonova is investing heavily in the
- Page 31 and 32: Eight years later, Evelyn almost co
- Page 33 and 34: THE HEARING IMPLANTS SEGMENT In the
- Page 35 and 36: The considerable strategic importan
- Page 37 and 38: ABOUT ADVANCED BIONICS Advanced Bio
- Page 39 and 40: worKinG - and communicating safely
- Page 41 and 42: EMPLOYEES FOCUS ON PEOPLE One of th
- Page 43 and 44: ISO 9001:2000 and 13485:2003 certif
- Page 45 and 46: The key environmental data shown in
- Page 47 and 48: ENVIRONMENTAL MANAGEMENT AT THE ST
- Page 49 and 50: CAMBODIA - BETTER OPPORTUNITIES FOR
- Page 51 and 52: Better hearing - better success at
- Page 53 and 54: in critical moments. As a consequen
SALES BY REGIONS <strong>2010</strong>/<strong>11</strong><br />
in %<br />
SALES<br />
in CHF m<br />
Switzerland<br />
USA<br />
Rest of Americas<br />
EMEA (excl. Switzerland)<br />
Asia/Pacific<br />
37<br />
8 3<br />
900<br />
800<br />
700<br />
600<br />
500<br />
400<br />
300<br />
200<br />
100<br />
0<br />
2006/07 2007/081 2008/09 2009/102 1,600<br />
1,500<br />
1,400<br />
1,300<br />
1,200<br />
1,100<br />
1,000<br />
<strong>2010</strong>/<strong>11</strong><br />
OPERATING FREE CASH FLOW<br />
in CHF m<br />
450<br />
400<br />
350<br />
300<br />
250<br />
200<br />
150<br />
100<br />
50<br />
0<br />
2006/07 2007/081 2008/09 2009/102 <strong>2010</strong>/<strong>11</strong><br />
1) Excluding one-off costs for the prohibited acquisition of the GN ReSound Group.<br />
2) Restated based on finalization of the acquisition accounting of Advanced Bionics.<br />
15<br />
37<br />
SALES BY PRODUCT GROUPS <strong>2010</strong>/<strong>11</strong><br />
in %<br />
EBITA<br />
in CHF m<br />
450<br />
400<br />
350<br />
300<br />
250<br />
200<br />
150<br />
100<br />
50<br />
0<br />
First Class<br />
Hearing Instruments<br />
Business Class<br />
Hearing Instruments<br />
Economy Class<br />
Hearing Instruments<br />
Wireless<br />
Communication Systems<br />
Miscellaneous<br />
Hearing Implants<br />
5<br />
30<br />
13<br />
2006/07 2007/08 1 2008/09 2009/10 2 <strong>2010</strong>/<strong>11</strong><br />
INCOME AFTER TAXES<br />
in CHF m<br />
450<br />
400<br />
350<br />
300<br />
250<br />
200<br />
150<br />
100<br />
50<br />
0<br />
2006/07 2007/08 1 2008/09 2009/10 2 <strong>2010</strong>/<strong>11</strong><br />
4<br />
23<br />
25<br />
EBITA<br />
margin in %<br />
45<br />
40<br />
35<br />
30<br />
25<br />
20<br />
15<br />
10<br />
5<br />
0<br />
CASH-BASED BASIC<br />
EARNINGS PER SHARE in CHF<br />
9.00<br />
8.00<br />
7.00<br />
6.00<br />
5.00<br />
4.00<br />
3.00<br />
2.00<br />
1.00<br />
0
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