Amplifon : Q4 review – Impacted by weak market, outlook reflects higher uncertainty
>Q4 revenues driven by strong development in Americas supportive - Amplifon reported Q4 revenue of € 579.4m (+2.0% y-o-y), -2%/-1% vs ODDO BHF/consensus. Sales growth in local currency was 2.0% (vs 2.9% est.). Organic growth was only 0.4%, which compares with our forecast of 2.2%. Europe was impacted by headwind on the back of a high comparable base in France and posted an organic decline of 2.5% and external growth of 70bp. The Americas region was up by 14.1% organi...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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