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
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