(Alliance News) - Amplifon Spa announced Tuesday that it closed the first quarter of 2026 with an adjusted net profit of EUR44.4 million, up 6.7% from EUR41.6 million in the same period of 2025.
On a reported basis, net profit attributable to the group fell to EUR10.5 million from EUR32.9 million, impacted by non-recurring charges.
Revenue came in at EUR579.8 million, down 1.4% compared to EUR587.8 million in the first quarter of 2025, but up 0.8% at constant exchange rates, supported by organic growth of 2.2%.
Adjusted EBITDA rose to EUR141.8 million from EUR140.4 million, an increase of 1.0%, with a record margin of 24.5% compared to 23.9% previously.
Adjusted EBIT increased to EUR77.5 million from EUR73.8 million, marking 5.0% growth and a margin of 13.4%.
Net financial debt was reduced to EUR1.01 billion from EUR1.05 billion at the end of 2025, a 3.0% improvement, with financial leverage at 1.84x.
During the quarter, adjusted free cash flow grew to EUR23.6 million from EUR20.6 million, while capital expenditures stood at EUR21 million.
For the full year 2026, Amplifon forecasts organic growth exceeding 3% compared to 2025 and an improvement in the adjusted EBITDA margin of approximately 100 basis points, supported by an expected global market growth of around 3%.
Amplifon shares closed Tuesday up 4.6% at EUR9.978 per share.
By Antonio Di Giorgio, Alliance News reporter
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