Amplifon sees 'high single digit' growth in revenues in 2022 and 2023

Italy's hearing aid maker Amplifon said on Monday it expected a 'high single digit' annual rise in revenues in 2022 and 2023, driven by organic growth and acquisitions, mainly in France, Germany, US and China.

MILAN, Sept 13 (Reuters) - Italy's hearing aid maker Amplifon AMPF.MI said on Monday it expected a 'high single digit' annual rise in revenues in 2022 and 2023, driven by organic growth and acquisitions, mainly in France, Germany, US and China.

Under its new 2021-2023 plan, Amplifon said it saw its core earnings margin rising to 25.5% of revenues in 2023, thanks to higher efficiency, synergies from the integration of the recently acquired Gaes Group and an increased group's scale.

The Italian group confirmed its 2021 financial guidance.

Shares in Amplifon extended losses after the release of its business plan and by 1208 GMT they are down 3.2%.

(Reporting by Elisa Anzolin, editing by Cristina Carlevaro)

((elisa.anzolin@thomsonreuters.com; 0039 0266129692;))

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