Amplifon in 2017: another record year for the group

Amplifon has had another excellent year. The group announced that it reached record sales in 2017, for the third year running: 1.3 billion Euros, which is up 11.7% year-on-year. Operating earnings (EBITDA) reached 217.5 million Euros, and profits (as recurring) reached 95 million Euros.

In Europe, sales achieved 855.6 million Euros, an increase of 14.2%, with 6.5% organic growth and 7.7% acquisitions. Another important achievement was strong network expansion with a total of 346 new stores and 117 shop-in-shops.

“2017 results, therefore, testify the uniqueness of our business model, the validity of our strategy and a flawless execution further strengthening our global leadership thanks to significant investments in marketing and communication, a solid mix of organic growth and acquisitions, as well as improved operational efficiency,” commented Enrico Vita, Amplifon’s Chief Executive Officer. “We grew at a rate three times higher than the reference market and we are, therefore, very confident of achieving the medium-long term objectives.”

Source: Amplifon