Amplifon today announced the financial results for 2021 which show a growth in revenues and profitability. Consolidated revenues last year were € 1.95 billion, with a growth of 29.5% compared to 2020 and 18.7% compared to 2019.
Net profit amounted to 175.2 million euros with a growth of + 81.4% compared to 2020 and 50% compared to 2019. EBITDA also increased (+ 32%) and consequently improved by 24.8% the margin. Net financial debt amounted to € 871.2 million, an increase compared to € 633.7 million at 31 December 2020, due to the more than € 600 million of investments in M&A, Capex, dividends and purchase of own shares.
In the fourth quarter of 2021 alone, Amplifon’s turnover increased by 13.8%, going from 499 million to 568.2 million euros, with a reduction in net profit to 70.1 million as a result of non-recurring costs equal to to 9 million euros. The Bloomberg consensus indicated quarterly revenues of 566.1 million and profit of 64.8 million.
In light of the results, Amplifon proposed to shareholders the distribution of a dividend of 26 euro cents per share, up 18.2% compared to 22 cents per share in 2020.