Italy's Amplifon posts Q1 profit rise, sees organic growth above 3% in 2026

GN Store Nord A/S

05/05/2026 17:39

May 5 (Reuters) - Italian hearing aid group Amplifon AMPF.MI reported a 6.7% rise in its first-quarter net profit on Tuesday and said it anticipates organic growth above 3% in 2026.

The group recently agreed to buy the hearing business of Denmark's GN Store Nord GN.CO for 2.3 billion euros ($2.7 billion).

Q1 adjusted net profit totalled 44.4 million euros ($51.95 million)

Q1 adjusted EBITDA was 141.8 million euros

Net debt at March-end stood at 1.02 billion euros

Adjusted EBITDA margin was 24.5%, up 60 basis points on the same period the previous year

Amplifon expects organic growth above 3% in 2026 and an improvement of adjusted EBITDA margin in the region of 100 basis points

The results come after a difficult year for Amplifon, as slowing sales and rapid technological development put the hearing aids industry under pressure

($1 = 0.8547 euros)

 (Reporting by Anna Uras; Editing by Matt Scuffham)

 ((Anna.Uras@thomsonreuters.com))