Amplifon shares fall on weak GN Hearing Q2 results

GN Store Nord A/S

20/08/2026 09:03

** Shares in Italy's Amplifon AMPF.MI are down 4.5% after Denmark's GN Store Nord GN.CO, whose hearing business GN Hearing the Italian group agreed to buy in March, posted weak Q2 results and cut its FY sales guidance on Thursday
** GN Store Nord GN.CO cut its FY26 organic sales growth guidance to 0-3% from 0-6%, as expectations for gaming and enterprise shift to the lower-end of assumed ranges
** GN Hearing division organic sales fell 2% "on the toughest comparative base of the year," says Jefferies, and a 25% drop in EBITDA y/y on a drop of volumes with a U.S. client
** Knowing that GN Hearing has been loosing market share with the U.S. Department of Veteran Affairs, but estimating growing sales to the Department in Q2 y/y, Equita says "it would be interesting to know who is the US client that caused such a significant sales headwind"
** GN Store Nord shares are down 4.6% at 0755 GMT on Thursday
** Up to the previous session's close, Amplifon shares were down 11.2%​ YTD
     

(Reporting by Fabrizio La Rocca)
((Fabrizio.larocca@thomsonreuters.com))