amplifon hearing aid profits increase

Amplifon’s Net Profit Up 49 Percent in First Quarter of 2017

MILAN, ITALY — Major hearing aid retailer Amplifon SpA announced today that the company’s net profits for the first quarter (Q1) of 2017 were up by 49.1 percent over last year. The company, which owns well-known brands such as Miracle Ear and the Elite Hearing Network, also reported overall revenue up from €254.5 million last…

Read More
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…

Read More

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…

Read More