This report does not constitute a rating action. WS Audiology’s (WSA’s) reported profitability in the first nine months of 2026 (fiscal year ending Sept. 30) continued to improve despite FX headwinds. Revenue in the period reached €1,881 million, reflecting 1% organic growth, but a 4% decrease in reported terms due to negative currency effects. Organic growth was mainly driven by growth in the Americas region, particularly in the consumer-facing business. This was partly offset, however, by a negative impact on wholesale caused by stricter management of the customer base and the timing of new platform launches compared to those of peers. Reported EBITDA before special items increased to €347 million (18.4% margin) from €337 million (17.2%) in the same period
