Amplifon reports strong financial results for fiscal year 2022, demonstrating resilience and strong market position

Amplifon, the global leader in hearing solutions and services, has reported strong financial results for the fiscal year 2022. The company announced its financial results on March 1st, 2023, highlighting impressive growth in revenue and profitability.

According to the report, Amplifon’s revenue increased by 10.4% year-on-year, reaching €2.84 billion (approximately $2.9 billion USD). This growth was driven by strong performance across all geographic regions, with the company seeing significant increases in revenue in North America, Europe, and Asia-Pacific. Amplifon’s adjusted EBITDA increased by 15.2% year-on-year, reaching €512 million (approximately $540 million USD), reflecting the company’s operational efficiencies and strong cost management.

The report also highlighted the company’s success in expanding its market share, with Amplifon’s global retail network increasing by 9% to 12,500 points of sale. The company’s e-commerce platform, which was launched in 2020, also contributed to the growth in revenue and profitability, with online sales accounting for 5% of total revenue.

In addition, Amplifon continued to invest in research and development, with the company’s innovation pipeline driving the launch of several new products and services during the fiscal year. The company also continued to focus on its sustainability efforts, launching several initiatives to reduce its carbon footprint and support local communities.

“These results are even more relevant because they have been achieved in a more complex market than expected due to the uncertain macroeconomic and high inflationary environment, as well as the extremely challenging 2021 comparison base. Lastly, we are satisfied with the good start to 2023, as well as the ongoing acceleration in bolt-on acquisitions begun in October, and we continue to be very positive about our prospects for sustainable growth in revenues and profitability over the medium-term” commented Enrico Vita, CEO of Amplifon.

Overall, the fiscal year 2022 results demonstrate Amplifon’s resilience and ability to navigate through challenging market conditions. With a strong financial position, a growing retail network, and a focus on innovation and sustainability, the company is well positioned for continued success in the years to come.

To read the full report visit Amplifon’s website.

Source: Amplifon

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