Amplifon stock falls after Exane flags weak consumer sentiment

Amplifon SpA

27/06/2025 12:02

** Shares in Italian hearing aid company Amplifon AMPF.MI fall as much as 7.1%, after a note by brokerage Exane BNP Paribas on market conditions and consumer sentiment over its main markets

** Following a meeting with the company, analysts did not rule out that second-quarter revenues and EBITDA could fall slightly short of Bloomberg consensus estimate of around 3%, even if there has been no change to the FY25 guidance

** The brokerage earmarks that the US private market (in unit) was broadly flattish until mid-June, slightly positive in April/May but declining in the first half of June, expecting a pickup in the second half of this month

** "Consumer sentiment deteriorated in Europe in the last month and the impact from Easter was more pronounced in the region," says Hugo Solvet, analyst at Exane, in a note

** The brokerage also flags subdued consumer sentiment in China, highlighting challenges in the APAC region

** By 1050 GMT the stock is trading down 5.7%, while including Friday's fall the firm has dropped by 19% YTD

 (Reporting by Romolo Tosiani, Giancarlo Navach)

 ((Romolo.Tosiani@tr.com))