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Company Profile

With a 2008 turnover of almost 641 million Euro, Amplifon Group is the world leader in the distribution and application of hearing aids.

In addition to Italy, where Amplifon holds a 43% share of the market, the Group is currently present in United States, The Netherlands, France, Spain, Portugal, Switzerland, Hungary, Germany, UK, Canada, Egypt and Belgium.

The Group's core business is represented by the distribution and application of hearing aids and correlated services, an area representing more than 98% of its consolidated sales.

Through a network of approximately 3,000 outlets, 3,500 authorized service centres, 2,000 licensee network affiliates and 3,500 hearing aid fitting specialists, Amplifon distributes appliances featuring high technical contents by the world's leading firms, such as Siemens, GNResound and Phonak, offering its clients tailor-made and leading-edge solutions.

In recent years, the Amplifon Group has begun an internationalisation process which, by acquiring leading companies in their respective home markets, has widened its presence in the main European marketplaces and in the American marketplace and increased its own market share.

In the last nine years, also thanks to the acquisitions, consolidated turnover has grown with a CAGR of 17%, while gross operating income (EBITDA), has increased with a CAGR of 28%.

The Amplifon strategy for the forthcoming years is to consolidate its world-wide market leadership through solid organic growth and aggressive acquisition campaign. The growth for external lines will consist in pursuing the internationalisation process in the markets which offer interesting development opportunities.

Amplifon's goal is to become the aggregation pole for all companies wishing to participate in an international development program, eliminating the restraint of a local presence and exploiting economies of scale and synergies.

The hearing aids market offers interesting development opportunities, with a forecasted growth of 3-5% (in volume) for the forthcoming years. A growth favoured by factors such as, above all, the aging population, growing noise pollution, the development of applied digital technologies and cultural changes which will bring about a higher penetration rate.

Today, 10% of the industrialized countries population suffers from hearing problems and, within this target, only 10 to 25% - a percentage that varies according to the country of reference - use hearing aids.





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