Amplifon hearing solutions and services has reported record profitability of 23.9% for the first quarter of 2025, its highest ever profitability in a first quarter.
It reported consolidated revenues of $1.02 billion (587.8 million Euros) in the first quarter, showing a solid growth of 2.6% at constant and current exchange rates compared to the first quarter of 2024.
Amplifon reported in a media release on 6 May 2025 the highest ever profitability in the first quarter with the adjusted EBIDTA margin at 23.9% of more than $246 million (140 million Euros) (+3.4%).
This was an increase of 20 basis points compared to the first quarter of 2024. Adjusted net profit was $73.1 million (41.6 million Euros).
EBITDA stands for earnings before interest, taxes, depreciation, and amortization, and is a measure of a company’s overall financial performance.
Mr Enrico Vita, Amplifon CEO, said the company started the year with solid results, which demonstrated the strength of its company and business model.
“In the first quarter, we recorded revenue growth of 2.6%, despite a particularly strong comparison base, fewer trading days and a soft global market,” he said.
“Profitability reached a record level for the period, showing improvement of +20 basis points compared to the excellent performance of the first quarter of the prior year thanks, above all, to higher profitability in EMEA (Europe, the Middle East and Africa), while we continue to invest in our strategic priorities.
“Looking ahead to the future, we confirm our outlook for 2025 and the acceleration in revenue growth expected to begin already in the second quarter, driven by the French market, in particular.”
The press release said net financial debt was $1.7 billion (997 million Euros) at 31 March 2025 after strong investments in Capex, acquisitions and share buy-backs for a total over $140 million (80 million Euros).
There was strong network expansion with more than 220 clinics acquired since the start of the year, mainly in Poland, the US, France, Germany and China.
It said the outlook for 2025 was confirmed at mid to high single-digit revenue growth at constant exchange rates and increased profitability with an adjusted EBITDA margin of at least 24%.
Share buyback program launches
A press release on 19 May said Amplifon had also launched a share buyback program.
The company launched a first tranche of buyback starting May 19 2025 with completion expected no later than September 15 2025 for a maximum amount of $263 million (150 million Euros) and a maximum of 21,428,077 shares.
