Q1 2025 Amplifon SpA Earnings Call Transcript
Key Points
- Amplifon SpA (AMFPF) reported a 2.6% increase in revenues at constant exchange rates, despite fewer trading days and a strong comparison base from the previous year.
- The company achieved its highest ever first-quarter margin, with a 20 basis points increase compared to 2024.
- Amplifon SpA (AMFPF) expanded its network significantly, adding approximately 200 new points of sale, including a major acquisition in the US.
- The company outperformed the market in most key countries, demonstrating resilience and strength in its retail business model.
- The European market is expected to accelerate in the coming quarters, driven by strong growth projections in France and favorable year-over-year comparisons.
- The US market experienced a mid-single-digit decline, impacted by high comparison bases and adverse weather conditions.
- Organic growth was flat due to fewer trading days and a strong prior-year quarter, impacting overall performance.
- The APEC markets were slightly negative, with challenges in China and New Zealand affecting performance.
- Net financial expenses increased due to higher net financial positions and lease liabilities following strong M&A activity.
- The company faces uncertainties in the US market, with expectations of improvement but no clear forecast for growth.
Good afternoon. This is the Chorus Call conference operator. Welcome and thank you for joining the Amplifon first-quarter 2025 results conference call. (Operator Instructions)
At this time, I would like to turn the conference over to Ms. Francesca Rambaudi, Investor Relations and Sustainability Senior Director of Amplifon. Please go ahead, madam.
Thank you. Good afternoon and welcome to Amplifon's conference call on first-quarter 2025 results.
Before we start, a few logistic comments. Earlier today, we issued a press release related to our results, and this presentation is posted on our website in the Investor. The call can be accessed also via webcast and dialing details are on Amplifon's website as well as on our press release. I have to bring your attention to the disclaimer on slide 2, as some of the statements made during this call may be considered forward-looking statements.
With that, I am now pleased to turn the call over to Amplifon CFO, Gabriele Galli.
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