Amplifon jumps after it confirms guidance, announces share buyback

Amplifon SpA

06/05/2025 15:05

** Shares in Amplifon AMPF.MI rise as much as 7.5% after the Italian hearing aid company confirmed its 2025 revenue growth guidance and said it would launch a share buyback

** The confirmation of mid to high sigle-digit revenue growth guidance is a "meaningful relief for the stock," brokerage Jefferies says

** Jefferies also notes a beat on Amplifon's Q1 recurring net profit, which came in at 42 million euros  ($47.7 million)vs an estimate of 33 million

** The stock is up 6.4% at 1357 GMT and if gains hold, it will see its best day in two years

($1 = 0.8807 euros)

 (Reporting by Philippe Leroy Beaulieu)

 ((Philippe.leroybeaulieu@thomsonreuters.com))