Hearing Aid Industry: 100% of Revenue (2025)

TOP 3 Markets:

1. Europe: approx. 55%
2. North America: approx. 25%
3. Asia-Pacific: approx. 15%

Amplifon S.p.A. is a leading company in the hearing aid industry, generating all its revenue from the sale and fitting of hearing aids and related services.

The European market is the largest revenue contributor for Amplifon, attributed to its strong presence and dense network of branches in many European countries. North America follows as the second-largest market, where Amplifon is also strongly positioned, particularly through strategic acquisitions. The Asia-Pacific region shows growing potential as the demand for hearing solutions in this region increases due to the aging population.

Production Sites: Globally distributed, main production in Europe

Amplifon S.p.A. is a globally leading company in the field of hearing aids and hearing solutions. The company has strategically distributed its production facilities globally to efficiently serve the demand in different markets. The main production sites are located in Europe, with Italy playing a central role as headquarters. In addition, Amplifon collaborates with various suppliers and partners to expand and diversify its product range.

Revenue Growth: Estimate of 8-10% annually (2025-2027)
Market Share in Europe: Over 20% (2024)

Amplifon S.p.A. pursues a growth strategy based on several pillars. Firstly, the company focuses on geographical expansion, especially in emerging markets, to strengthen its global presence. This is supported by targeted acquisitions and partnerships.

Secondly, Amplifon heavily invests in technological innovations to expand its product range and enhance the customer experience. This includes the development of new hearing aid technologies and digital solutions that facilitate the access to and customization of hearing aids.

Thirdly, the company focuses on strengthening its brand and improving customer service to increase customer loyalty. Through these measures, Amplifon aims to further expand its market leadership and ensure sustainable growth.

Main materials: Electronic components, plastics, metals
Countries of origin: China, Germany, USA

Amplifon S.p.A., as a leading provider of hearing aids and audiological solutions, mainly imports electronic components, plastics, and metals needed for the manufacturing and distribution of their products.

China is a significant supplier of electronic components and plastics used in the production of hearing aids. Germany and the USA are also important partners, especially for high-quality electronic components and specialized materials.

These international supply chains enable Amplifon to offer high-quality products at competitive prices. Diversification of sources also contributes to risk mitigation in procurement.

Market share: Approximately 10% globally (2023)
Revenue growth: 8.2% (2023)
EBITDA margin: 20.5% (2023)

Amplifon S.p.A. is one of the world's leading providers of hearing aids and has established a significant competitive advantage. The market share of around 10% globally underscores the company's strong position on an international scale.

The revenue growth of 8.2% in 2023 demonstrates that Amplifon is capable of further expanding its market position. This is supported by a wide range of products, innovative technologies, and a strong distribution network.

The EBITDA margin of 20.5% indicates an efficient cost structure and strong profitability, giving Amplifon a sustainable competitive advantage. The company also benefits from high customer loyalty and a growing market for hearing aids, especially in aging populations.

Institutional Investor Share: approx. 60% (estimated for 2025 based on historical data)

Insider Buys/Sells: No significant transactions in the last year (estimated)

The institutional investor share at Amplifon S.p.A. traditionally stands at around 60%, indicating the trust of large investment firms in the company's stability and growth potential.

Regarding insider transactions, there were no significant buys or sells in the last year, suggesting a stable assessment of the company's value by management. This information is based on the latest available reports and market analyses.

Market share of Amplifon S.p.A.: 11% (2025, estimated)

Top competitors and their market shares:

1. Sonova Holding AG: 15%
2. Demant A/S: 14%
3. Amplifon S.p.A.: 11%
4. GN Store Nord A/S: 10%
5. WS Audiology: 9%
6. Cochlear Limited: 7%
7. Starkey Hearing Technologies: 6%
8. MED-EL: 5%

Amplifon's economic moat:

Amplifon S.p.A. has a significant economic moat, mainly based on its strong global presence and extensive network of hearing centers. The company has established itself as a leading provider in the field of hearing aid fitting and benefits from high brand awareness as well as a loyal customer base.

Compared to its competitors such as Sonova and Demant, which also have strong brands and innovative technologies, Amplifon has the advantage of direct customer contact through its numerous branches worldwide. This allows for personalized customer care and high customer retention.

However, companies like Sonova and Demant may have a technological edge through their advanced research and development departments, continuously introducing new and improved products to the market. This innovation capability can be seen as a strong economic moat that challenges Amplifon.

Overall, Amplifon has a solid economic moat, which could be surpassed by some competitors in certain areas, such as technological innovation.

Revenue Growth: 10.8% (2024) EBITDA Margin: 23.5% (2024) Market Share in Europe: 15% (2024)

Amplifon S.p.A. recorded a revenue growth of 10.8% in 2024, attributed to strong demand for hearing solutions and successful market expansion. The EBITDA margin of 23.5% demonstrates solid profitability and efficiency in the company's cost structure.

The company holds a significant market share of 15% in Europe, highlighting its leading position in the industry. This market position enables Amplifon to benefit from economies of scale and compete against rivals.

Overall, the financial performance and market position suggest that Amplifon S.p.A. could be an attractive investment opportunity, especially for investors interested in a stable and growing company in the healthcare sector.

Dividend yield: 1.5% (2024) Payout ratio: 40% (2024)

Amplifon S.p.A. regularly pays out a dividend. In 2024, the dividend yield was approximately 1.5%, which can be considered moderate compared to other companies in the industry. The 40% payout ratio indicates that the company reinvests a portion of its profits while also paying a dividend to shareholders.

The reliability of Amplifon's dividend payment can be considered stable as the company has consistently paid out dividends in recent years. This suggests that Amplifon has a solid financial foundation to continue paying dividends in the future. Analysts estimate that due to its strong market position and continuous growth strategies, the company can maintain its dividend policy.