March 26 (Reuters) - Amplifon CEO Enrico Vita tells media call:
* EXPECTS TO ENTER CHINESE MARKET BY YEAR-END WITH ONE OR TWO JOINT-VENTURES
* TARGETS ACQUISITIONS IN GERMANY, FRANCE AND CANADA TO ADD 500 OUTLETS, ANOTHER 200 WILL BE NEW SHOP OPENINGS, MOSTLY IN SPAIN
* RULES OUT SELLING UK BUSINESS
* BUSINESS PLAN DOES NOT ENVISAGE TRANSFORMATIONAL DEAL BUT GROUP WOULD BE READY TO PURSUE BIGGER TARGETS
* 2017 PAYOUT POLICY IS "AT THE VERY LEAST" SUSTAINABLE IN THE FUTURE
* BELIEVES GROUP HAS RIGHT BUSINESS MODEL, VERTICAL INTEGRATION WITH MANUFACTURERS HAS PROS AND CONS Further company coverage: AMPF.MI