Slide 1: Q4 & FY 2024 Results
Q4 & FY 2024 Results M i l a n , M a r c h 6 th, 2 0 2 5
Slide 2: Disclaimer
Disclaimer The following applies to this document, the oral presentation of the information in this document by Amplifon S.p.A. (the “Company”) or any person on behalf of the Company, and any question-and-answer session that follows the oral presentation (collectively, the “Information”). In accessi
Slide 3: FY 2024: Strong revenue growth despite softer European market
FY 2024: Strong revenue growth despite a softer-than-expected European market, fostered by M&A acceleration and significant investments ahead of 2025 Revenues EBITDA recurring Net Profit recurring 2.41bn€ 568m€ 152m€ +7% at K FX vs FY 2023 Margin at 23.6% Margin at 6.3% +3.4% organic growth +4.8% vs
Slide 4: FY 2024 Financial highlights
FY 2024 Financial highlights Strong revenue growth, driven by above-market organic growth and M&A acceleration, despite a softer-than-expected European market and a challenging comparison base High-single-digit revenue growth at constant FX vs FY 2023 Data in €m FY 2024 FY 2023 Δ% Strong and abo
Slide 5: Q4 2024 Financial highlights
Q4 2024 Financial highlights Very strong revenue growth (+8%) with organic performance affected by the reversal of the ARS sharp devaluation in December 2023. Profitability reflecting lower operating leverage in EMEA and accelerated M&A strategy, particularly in the US Very strong revenue growth a
Slide 6: Financial results by Region: EMEA
Financial results by Region EMEA: Positive organic growth despite a softer-than-expected market and a challenging comparison base. Lower operating leverage and strong investments to prepare for 2025 Revenue growth at ~+3% at constant FX vs Q4 2023 Data in €m Q4 2024 Q4 2023 Δ% Organic performanc
Slide 7: Financial results by Region: Americas
Financial results by Region AMERICAS: Excellent top-line growth driven by the US, for the first time our largest market. Organic performance in Q4 reflecting the ARS strong reversal effect Excellent revenue growth vs Q4 2023 Data in €m Q4 2024 Q4 2023 Δ% Organic performance reflecting the revers
Slide 8: Financial results by Region: APAC
Financial results by Region APAC: Strong and above-market growth despite a remarkable comparison base Strong revenue growth at constant FX vs Q4 2023 Data in €m Q4 2024 Q4 2023 Δ% Solid and above-market organic growth vs a remarkable REVENUES 93.9 89.2 +5.2% comparison base (~+12% organic growth
Slide 9: FY 2024 Financial results
FY 2024 Financial results Strong top-line growth. Profitability reflecting the softer-than-expected market in Europe, strong investments and accelerated M&A. Dividend proposal at 29 euro cents, with pay-out ratio at 45% Data in €m FY 2024 FY 2023 Δ Rec (unless specified) Recurring Reported Recurring
Slide 10: Q4 2024 Financial results
Q4 2024 Financial results Strong top-line growth. Profitability reflecting the softer-than-expected market in Europe, strong investments and accelerated M&A Data in €m Q4 2024 Q4 2023 Δ Rec (unless specified) Recurring Reported Recurring Reported 24/23 REVENUES 664.4 664.4 615.0 615.0 +8.0% EBITDA 1
Slide 11: FY 2024 Financial results: cash flow
FY 2024 Financial results Strong cash generation with Operating cash flow and Free Cash Flow up, respectively, +7% and +10% vs 2023 Data in €m FY 2024 FY 2023 Δ Operating cash flow before repayment of lease liabilities 449.9 416.2 33.7 Repayment of lease liabilities (129.0) (116.2) (12.8) Operating
Slide 12: FY 2024 Financial results: leverage
FY 2024 Financial results Leverage at 1.63x after strong investments of €430m for Capex, M&A cash-out, dividends & share buy-back Data in €m 31/12/2024 31/12/2023 Liquidity (288.8) (194.0) Short-term debt 290.3 326.7 Medium/long-term debt 960.4 719.4 Net financial debt 961.8 852.1 Lease liabilities
Slide 13: Our commitment to a more sustainable future
Our commitment to a more sustainable future Main ESG achievements in 2024 Environment Social Governance Improvement in 2024 GHG emissions (-3% Free hearing tests generating ~200€m CDP B scoring (full management) vs 2023), driven by Scope 3 savings for customers & prospects S&P 2025 Sustainab
Slide 14: 2025 Outlook
2025 Outlook 2024: a year of significant investments to build a strong foundation for sustained growth in 2025 and beyond Looking ahead to 2025, we expect The European market to progressively return to solid growth, in light of − The anticipated strong growth of the French market related to th
Slide 15: 2025 Financial Calendar
2025 Financial Calendar Corporate events March 6th: FY 2024 Results April 23th: Shareholder’s General Meeting May 6th: Q1 2025 Results July 29th: Q2 & H1 2025 Results October 29th: Q3 & 9M 2025 Results I n v e s t o r R e l a t i o ns & S u s t a i n a b i l i t y C o n t a c t s FRANCESCA