Amplifon : Q2 review – unspectacular in a weaker market environment
>Outperformance of weaker market driven by Americas and APAC - Amplifon reported Q2 revenue of € 573.5m (+5.9% y-o-y), +1%/-1% vs ODDO BHF/consensus. Sales growth in local currencies was 8.8% (vs 6.5%/8.6% expected). Organic growth was 6.6%, supported by a recovering global hearing aid market. Acquisitions contributed 220bp, while forex accounted for a headwind of 280bp. Europe performed comparatively weak with 3.2% growth in constant currencies (2.2% organic growth)....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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