Amplifon reports record revenue

According to a press release from the company, results reached an all-time high for the second year running, with excellent performance in all the regions where Amplifon operates. The group has continued to expand its network with a total of 230 new stores and 75 shop-in-shops.

“2016 was a particularly important year in Amplifon’s history: for the second year in a row we reached record results which confirm the uniqueness of our business model and the validity of our strategy. Revenues and EBITDA recorded all-time highs and net profit was up by more than 35%; excellent results which allow us to propose a dividend for our shareholders that is more than 60% higher compared to 2015,” says Enrico Vita, Amplifon’s Chief Executive Officer.

The company made a number of changes last year including launching a new global brand identity and rolling out new consumer websites. The group also launched new TV campaigns that had a noticeable impact in Italy, Germany and the United States. The company continued to focus on the services it provides to its clients.

“These brilliant results were achieved thanks to the continuous investments made not only in the integrated IT infrastructure but also, and above all, in the optimal management of human capital. We are confident that the 2016 results lay an excellent foundation which allows us to face 2017 with optimism, as well as reach our medium-long term objectives,” Enrico Vita adds.