Amplifon beats expectations and the stock goes up on the stock exchange. In the early afternoon, the shares of the hearing aid manufacturer rose by 1,8%, to 4,54 euros.
The purchases come after the company communicated the numbers relating to the first six months of the year, closed with a Net income of 26,1 million, up sharply from the loss of 1,3 million recorded in the same period last year and above the 25,2 million expected on average by analysts.
As for the revenues, increased by 7,8%, to 623,3 million (+6,3% at current exchange rates). Ebitda stood at 83,2 million (+18,4%), while net financial debt amounted to 289,5 million (-10,6% from 323,8 million at the end of September 2013) and free cash flow stopped at 30,4 million (-1,2 million in the first nine months of 2013).
Between January and September Amplifon opened over 200 new stores and the CEO Franco Moscetti he assured that the group "will continue with determination on the path of internationalization and growth".
