Amplifon : Positive underlying performance
>Slightly better on top line, slightly worse on bottom line - Amplifon’s Q3 revenues of € 459.1m (+7.2% y-o-y) were 2%/3% ahead of ODDO BHF/consensus. Sales growth in local currencies was 6.8% (in line with expectations). Organic growth was only 2.1%, as expected, on the back of flat development in Europe and slightly negative growth in APAC. However, the Americas region was up by 13.3% organically. The region also had the strongest external growth contribution of 17....Amplifon is multinational company engaged in the ddistribution, fitting, adaptation and personalization of hearing systems (hearing aids) designed to meet the needs of those suffering from hearing disabilities. Co. is also engaged in the sale of accessories such as batteries, consumables and spare parts, as well as in the distribution of biomedical devices. Co. is active in 20 different countries: Italy, France, Germany, Switzerland, The Netherlands, Belgium, Luxembourg, the U.K., Ireland, Spain, Portugal, Hungary, Turkey, the U.S., Canada, Australia, New Zealand, India, Egypt, and in Poland.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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