Amplifon : Q3 due out on 26 October – Slower growth due to the US and France
>Slower organic growth due to headwinds in the US and France - Amplifon’s Q3 2022 revenue of € 493m (+10.0% y-o-y, 1% below consensus) should be driven by sales growth of 7.5% at constant forex and profits from a forex tailwind of 250bp, in our view. We forecast organic growth of just 2.8% due to slower growth in the US private market (Q3: -3%) and also in the French market, down 8%, with a demanding comparison base. At the same time, we expect a degree of recovery f...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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