LYNGE, DENMARK – WS Audiology (WSA) today announced financial results for the third quarter of the fiscal year 2023/24 (April 1st – June 30th, 2024). The company achieved a robust 12% organic revenue growth driven by the strong performance of its Signia Integrated Xperience and Widex SmartRIC products across all regions.
With reported EBITDA reaching EUR 146 million and a margin of 21.8%, WSA continues to deliver on its growth strategy, maintaining its guidance for the fiscal year with confidence in sustained momentum.
Highlights Q3 2023/24
- WSA delivered organic revenue growth of 12% (9% reported) to EUR 669 million supported by continued strong performance of Signia Integrated Xperience and Widex SmartRIC across all regions and channels including online.
- Reported EBITDA was EUR 146 million corresponding to a margin of 21.8%.
Highlights 9M 2023/24
- In the first nine months of the fiscal year, WSA delivered 11% organic revenue growth to EUR 1,979 million driven by broad-based growth across regions.
- Reported EBITDA was EUR 400 million corresponding to an EBITDA margin of 20.2% (19.2% last year).
- WSA maintains the guidance for the fiscal year 2023/24 of 7 to 10% organic growth and a reported EBITDA margin increase by 1-2%-pts. vs. fiscal year 2022/23.
“WSA delivered strong organic revenue growth in the third quarter. I am very pleased that the growth was driven by the continued momentum of our Signia IX portfolio and the Widex SmartRIC across all regions and channels. Our earnings were in line with expectations and the guidance for the fiscal year 2023/24 of 7 to 10% organic growth and a reported EBITDA margin increase by 1-2%-pts. vs. FY 2022/23 is maintained.”
–WS Audiology CFO, Marianne Wiinholt
About WS Audiology
Formed in 2019, through the merger of Sivantos and Widex, WS Audiology combines over 140 years’ experience in pioneering the use of technology to help people with hearing loss hear the sounds that make life wonderful. With truly differentiated brands like Widex, Signia, Rexton, Audio Service and Vibe, and with diverse assets across wholesale, retail, online, managed care and diagnostic solutions, we are active in over 130 markets. WS Audiology employs 12,500+ people and is privately owned by the Tøpholm and Westermann families and the Lundbeck Foundation, as well as funds under the management of EQT. As a global leader, our ambition is to unlock human potential by making wonderful sound part of everyone’s life. Learn more at www.wsa.com
Source: WSA
