Amplifon : FY review – Finish as expected, new share buyback programme
>Top-line finish in 2023 as expected - Yesterday, Amplifon reported Q4 revenue of € 615.0m (+6.1% y-o-y), 0%/-1% vs ODDO BHF/consensus. Sales growth in local currencies was 11.2% (vs 10.9%/11.5% expected). Organic growth was 8.9%. Acquisitions contributed 230bp while forex accounted for a headwind of 510bp. Europe performed solidly with 5.1% growth at constant currencies (4.1% organic growth). The Americas region was up strongly by 26.1% organically and acquisitions c...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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