Amplifon reported soft Q3 results with operating profitability below estimates. Healthy sales growth momentum continued in the Americas and APAC, while EMEA reported a better performance (vs. the previous quarter), despite softer-than-expected markets. While the 2023 guidance was downgraded, the firm acknowledged a strong start to the Q4. Overall, Amplifon remains an attractive hearing aid bet, banking on a growing retail presence (via bolt-on acquisitions), improving market dynamics and its mos ....
31 Oct 2023
Soft Q3; guidance moderated
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Soft Q3; guidance moderated
- Published:
31 Oct 2023 -
Author:
Anas PATEL -
Pages:
3
Amplifon reported soft Q3 results with operating profitability below estimates. Healthy sales growth momentum continued in the Americas and APAC, while EMEA reported a better performance (vs. the previous quarter), despite softer-than-expected markets. While the 2023 guidance was downgraded, the firm acknowledged a strong start to the Q4. Overall, Amplifon remains an attractive hearing aid bet, banking on a growing retail presence (via bolt-on acquisitions), improving market dynamics and its mos ....