Italy's Amplifon slumps 27% on profit drop, FY outlook cut

Amplifon SpA

30/07/2025 09:14

** Shares in Italy's Amplifon AMPF.MI drops as much as 27%, lowest since March 2020, after hearing aid maker cut FY outlook and posted Q2 core profit drop

** "The magnitude of underperformance is the key downside surprise and the market will need to see further datapoints before rebuilding confidence," J.P. Morgan says

** AMPF lowered its 2025 forecast, expects consolidated revenue growth of about 3%; it had previously expected growth in mid-to-high single-digit percentage range

** JPM also cut its FY25 EBITDA estimate by 8%, EPS by 15%

** Jefferies says Q2 numbers were well below expectations

** Barclays says "sizeable and broad-based miss will come as a disappointment and should also weigh on the entire hearing aid complex"

** However, Barclays "remain constructive on the longer-term story at AMP, and prefer Amplifon in the hearing aid space"

** Stock last down 23.8%; drops 38.6% YTD

 (Reporting by Romolo Tosiani)

 ((Romolo.Tosiani@tr.com))