Amplifon posts strong Q1 results and predicts 2023 strengthening of "global leadership"

A strong opening to 2023 by the Italian retail chain Amplifon has brought a prediction of of significant growth from the company's CEO.

Published on 04 May 2023

Amplifon posts strong Q1 results and predicts 2023 strengthening of “global leadership”

The announcement of a 9% rise in revenues (540.3 million euros) and ebitda (123.5 million euros), with a net profit at around 35 million euros (+6.3%) came at the start of May. Enrico Vita, Amplifon CEO, stated: “We have begun 2023 with strong growth in the main economic indicators compared to the first quarter of 2022, despite a very challenging comparison base and a market which is still below historic levels, albeit showing recovery compared to the last three quarters.

The group claims a gain in market share in all core markets, and Vita underlined Amplifon’s march forward in mergers and acquisitions, around 100 points of sale being added to operations in North America, Europe and China since the beginning of the year..

In light of what has been accomplished up until now, despite the well-known uncertainties related to the macroeconomic and geopolitical environment, all the conditions exist for 2023 to be another year of significant growth and further strengthening of Amplifon’s global leadership.” said Vita.

The year has also begun well for hearing aid manufacturers in Denmark, suggesting business may be bright across the industry.

Source: Ampifon