(Reuters) – Italian hearing aid company Amplifon slightly lowered its annual margin guidance on Wednesday, after it posted a drop in third-quarter net profit due to increased financial expenses and higher depreciation and amortization following acquisitions.
The company said it expected its recurring core profit margin to be broadly in line with 2023, when it posted a margin of 24%. It had previously forecast a margin of around 24.3% for this year.
($1 = 0.9237 euros)
(Reporting by Alberto Chiumento in Gdansk; editing by Milla Nissi)
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