FINANCIAL HIGHLIGHTS
Key annual financial data
In 2024, we continued along our strong growth path with revenues exceeding 2.4 billion euros thanks to above-market organic performance and an acceleration in M&A, with 400 new points of sale acquired in Europe, the United States and China, despite a European market performance which was below expectations.
Consolidated revenues
of 2,409.2 million euros, an increase of 7.0% at constant exchange rates and of 6.6% at current exchange rates compared to 2023, attributable to strong organic growth, above the reference market which is still characterized by different performances across the various geographies, and the acceleration in acquisitions, despite a particularly challenging comparison base
EBITDA
recurring was 567.7 million euros, an increase of 4.8% compared to 2023. The recurring EBITDA margin came in at 23.6%, compared to 24% in 2023, due to lower operating leverage in EMEA attributable to market softness, the dilution effect of the Miracle-Ear direct retail network accelerated growth in the United States, as well as the strong investments ahead of 2025
net profit
recurring was 151.7 million euros compared with 165.8 million euros in 2023 due to higher depreciation and amortization following the strong investments in the business and higher financial expenses
Performance by region
Discover the performance across all the geographic regions compared to 2023.
EMEA
Americas
APAC
EMEA
EMEA
Positive PERFORMANCE, soft market
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Americas
Americas
Excellent revenue growth
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APAC
APAC
Strong topline performance
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