WS Audiology delivered 13% organic revenue growth and an EBITDA-margin of 20.2% in the first quarter of fiscal year 2023/24

WS Audiology today announced financial results for the first three months of the fiscal year 2023/24 (October 1^st – December 31^st, 2023).

Highlights Q1 2023/24

• WSA delivered organic revenue growth of 13% (8% reported) to EUR 654 million corresponding to a reported EBITDA margin of 20.2% driven by double-digit growth across all business units and regions.
• Strong performance of Signia Integrated Xperience, which has been well received in all markets.

• Based on the solid revenue growth in the first three months WSA is upward adjusting revenue guidance from 6 to 10% to 7 to 10% organic growth for the fiscal year 2023/24. WSA maintains expectations of increasing the reported EBITDA margin by 1-2%-pts. vs. FY 2022/23.

WS Audiology CEO, Eric Bernard, commented:

WSA is off to a strong start this year with double-digit growth across all businesses and geographies, driven by the successful Signia IX platform. This quarter we look forward to launching more breakthrough innovations from our multi-brand portfolio that will enable us to deliver wonderful sound for all. We expect the good momentum to continue and upward adjust our revenue guidance for the fiscal year 2023/24.”