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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Cochlear Limited | ASX:COH | Australian Stock Exchange | Ordinary Share |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
4.23 | 1.33% | 322.23 | 321.91 | 322.17 | 324.57 | 315.98 | 315.98 | 144,597 | 07:20:01 |
Swiss hearing aid maker Sonova Holdings AG (SOON.VX) plans to double sales of Advanced Bionics Corporation over the next three to five years, Chief Executive Valentin Chapero said Monday in a conference call.
"We also plan to increase the Ebita margin of Advanced Bionics to 20% or beyond in that period," he added.
In its fiscal year 2008, Advanced Bionics had sales of $117 million and a negative earnings before interest, taxes and amortization margin of 17%.
Earlier Monday, Sonova said it is buying US-based cochlear implant systems maker Advanced Bionics Corp. for $489 million, which was widely welcome by the market.
Sonova will report first-half figures for its 2010 fiscal year on Tuesday.
Company Web Site: http://www.sonova.com
-By Julia Mengewein, Dow Jones Newswires; +41 43 443 80 45; julia.mengewein@dowjones.com
1 Year Cochlear Chart |
1 Month Cochlear Chart |
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