Record revenues and EBITDA in 2016- 12:39 Financial
Amplifon reported record consolidated revenues of 1,133.1 million euros in 2016, an increase of 10.4% at constant exchange rates and of 9.6% at current exchange rates compared to the already remarkable performance of 2015. This result was driven, once again, by solid organic growth (+7.4%) and acquisitions (+3.0%), while the foreign exchange effect was negative for 0.8%. Net of non-recurring items, EBITDA rose 13.1% or 50 basis points. Net profit, net of non-recurring costs, rose 34.2% compared to 2015. The balance sheet and financial indicators continue to reflect the Group’s solidity: cash flow generation remains strong at 82.5 million euros after absorbing higher investments than the prior year mainly linked to openings, while net debt was slightly higher at 224.4 million euros primarily due to the significant investments in acquisitions.