Amplifon : Q1 review – Strong start to 2022, bottom line could have been better
>Strong start to 2022 on the top line - Amplifon’s Q1 revenues of € 495.8m (+15.7% y-o-y) were 3%/1% ahead of ODDO BHF/consensus. Sales growth in local currencies was 14.0% (vs 11% expected). Organic growth was only 8.8% vs our forecast of 7.1%. Europe showed a strong performance with 8.0% organic growth and 80bp external growth. The Americas region was up by 19.6% organically and acquisitions contributed by 300bp. APAC was only flat from an organic perspective (+0.5%...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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