Amplifon : Q3 2021 due 27 October – Impacted by Elite and APAC
>Solid underlying development impacted by Elite and APAC - Amplifon’s Q3 2021 revenues of € 452m (+5.6% y-o-y, 2% ahead of the consensus) should be driven by sales growth in constant currencies of 6.5% and held back by a forex headwind of 90bp in our view. While we forecast the company to show solid underlying development in Europe and North America, the planned divestment of its Elite network in the US is expected to have some negative effects. In addition, the effor...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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