Amplifon jumps on Q1 beat, GN deal funding seen less dilutive

Amplifon SpA

06/05/2026 09:46

Adds details on GN deal funding, updates prices

** Shares in Amplifon AMPF.MI up 15% after beating Q1 expectations and suggesting an equity raise to buy GN Store Nord's GN.CO hearing business may be less dilutive than expected

** The Italian hearings aids maker guided for 2026 organic growth of more than 3%. Its Q1 net profit rose by 6.7%

** J.P. Morgan says quarterly results show "signs of improvement," with management pointing to a progressive recovery in Q1 and expressing confidence in continued momentum into Q2

** The broker adds management framed the potential equity raise (up to 750 mln euros) as a conservative cap, seeing the raise more likely at half of that amount, with potentially lower dilution than headline thanks to synergies

** Equita: "Under these conditions, the deal would be about 10% less dilutive than the initial simulations"

** Amplifon set for its best day since 2009. Including Wednesday's rise, however, the stock is down around 19% YTD

 (Reporting by Mirko Miorelli)

 ((Mirko.Miorelli@thomsonreuters.com))