amplifon hearing aid profit margins

Amplifon Reports Strong Revenue Growth and Profitability in First Nine Months of 2018

MILAN, ITALY —  The Board of Directors of Amplifon SpA, the world’s largest hearing aid retailer, recently approved the company’s Interim Financial Report, providing insight into its performance so far in 2018. According to the report, the company has witnessed double digit revenue growth and increase in profit margins. Closing of the GAES hearing retail…

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amplifon acquires hearing aid retailer gaes

In Deal Worth Over $600 Million, Amplifon Acquires GAES Group Retail Network; Company Stock Jumps on News

MILAN, ITALY — In a transaction worth €528 million Euros (approximately $617 million USD), Amplifon SpA has reportedly entered into an agreement to acquire the last large, privately-held, hearing aid retail network, GAES Group. Founded in 1949, GAES owns a network of 600 points of sale, with approximately 500 of those located within Spain and the remaining found…

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amplifon hearing aid retail acquisition

Amplifon Eyes Hearing Aid Retail Acquisition Targets Across Europe, Canada; Poised to Enter Chinese Market by Year’s End

MILAN, ITALY — One of the world’s largest hearing aid retailers, Amplifon SpA, is reported to be targeting potential retail acquisitions in Germany, France and Canada and announced plans to enter the Chinese market by the end of 2018. The company, which says it holds approximately 10 percent of the global market, has been focused…

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amplifon hearing aid retail acquisition

Amplifon: Ready to Make “Major Acquisitions” to Maintain Position as World’s Top Hearing Aid Retailer

MILAN, ITALY — The world’s largest hearing aid retailer Amplifon SpA doesn’t plan to step aside while hearing aid manufacturers continue to acquire retailers across the globe. In a July 28 interview by Reuters, the company’s CEO says that Amplifon is ready to make “major acquisitions” in order to bolster the company’s position as the…

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sonova sells audionova amplifon

Sonova to Sell Portugal’s MiniSom Retail Business to Amplifon; In Negotiations Over Sale of AudioNova France

STAEFA, SWITZERLAND — Sonova Holding AG announced yesterday that it has signed an agreement to sell its MiniSom retail hearing care business in Portugal to Amplifon S.p.A. According to the company’s news release, the move is a reflection of the Sonova Group’s strategy to focus on selected key markets. The completion of the sale will…

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Sonova Acquires European AudioNova in Largest Ever Hearing Aid Retail Deal

Sonova announced on May 4 the acquisition of European behemoth, AudioNova, for € 830 million ($954 million). It is reported to be the largest transaction ever in the hearing aid retail market and makes Sonova-owned retail approximately the same size as retail leader, Amplifon.  Following this acquisition, Sonova will have over 3,300 stores worldwide with…

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amplifon

Amplifon Bidding for AudioNova: Bloomberg Report

MILAN, ITALY — According to an April 1 report in Bloomberg, Amplifon SpA has secured financing for a bid for major European hearing aid retailer AudioNova. Amplifon, which owns major US hearing aid retailer Miracle Ear, as well as the Elite Hearing Network, appears ready to compete directly with likely bids coming from major hearing aid manufacturers William…

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hearing aid company market share

Research firm analyzes market share, retail activity, and prospects of major hearing aid manufacturers

By David H. Kirkwood NEW YORK—A number of financial research firms in the United States and abroad follow the hearing industry on behalf of their clients. These include individual investors as well as institutional investors such as pension and hedge fund managers. The latest company to turn its sights on hearing aids is Sanford C.…

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International Hearing Society members enjoy a memorable meeting in the desert

GLENDALE, AZ—The 61st annual International Hearing Society Convention & Expo drew an unusually large and enthusiastic turnout to the Renaissance Glendale Hotel & Spa. Some 500 IHS members were in attendance, along with a great many exhibitors and guests. Among the highlights of the meeting, held September 19-22, was a Manufacturers’ Forum, which filled the…

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