Amplifon : FY results due 7 March – Incorporating higher forex headwind into model
>Strong finish of Q4, but higher forex headwind incorporated - Amplifon’s Q4 revenues of € 612m (+5.7% y-o-y) should be driven by an organic growth of 9.1%, which is pushed by a strong development in the Americas and APAC on the back of a comparatively low base. For Europe, we forecast some slower organic growth of 4.0% for the last quarter. Acquisitions contribute by 180bp to revenues, while forex is expected to create a headwind of 590bp. We incorporate the higher t...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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