Sonova suspends share buyback program

Stäfa (Switzerland), March 16, 2020 – Sonova Holding AG, a leading provider of hearing solutions, announces that it has decided to suspend the Group’s current share buyback program, effective today. This precautionary measure reflects the short-term uncertainties regarding the financial impact of the global spread of the novel coronavirus (COVID-19). Sonova has a healthy cash position and has additional access to financing through existing credit lines.