Amplifon expects acquisitions to boost revenue after record full-year results
Reuters
Published Mar 01, 2023 13:28
(Reuters) - Italy's Amplifon expects to boost revenue through bolt-on acquisitions this year, the world's largest hearing aid retailer said on Wednesday after reporting record core profit for 2022.
The Milan-based company posted full-year recurring earnings before interest, taxes, depreciation, and amortisation (EBITDA) of 525.3 million euros ($560.28 million) in its best-ever results, compared with 482.8 million euros a year earlier.
Amplifon, which proposed a divided of 29 cents per share, also reported record annual recurring revenue of 2.12 billion euros, compared with 1.95 billion euros a year earlier.
By 1241 GMT, the company's shares were up 1.7%, while Italy's blue-chip index FTSE MIB was up 0.65%.
($1 = 0.9376 euros)
Get The App
Written By: Reuters
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.