Nightmare day for stock market share of Amplifon, which at the end of the morning came to lose almost 8%, to 28,34 euros, in contrast with the Ftse Mib, which in the same minutes travels in positive territory by about half a percentage point. This is by far the worst performance on the main stock exchange of Piazza Affari. The quotation, which has been fluctuating in the last period, thus reaches its minimum since 14 July: compared to the maximum for the period – reached on 29 July at 32,7 euro – the drop is 12,5%. Not counting today's decline, the one-year performance of the Amplifon share is negative by 33,82%.
Why does the Amplifon share sink on the Stock Exchange?
According to the Radiocor news agency, which cites sources in the trading rooms, today the sell-off on Amplifon shares was triggered by the downward revision of theoutlook of the Swiss competitor Sonova: the cut came following “slower than expected developments in some key hearing care markets”.
The clarification of the analysts of Banca Akros
However, Banca Akros' analysts recall that, “after the accounts for the first half of the year, Amplifon's management has confirmed the initial sales target for the whole of 2022 despite the uncertain scenario. We cannot exclude that the prices are negatively affected by the news coming from Sonova – continue the analysts – However, given that the group does not have the same problems, we confirm our positive vision”.
Amplifon: the numbers expected by the market
In recent days Amplifon has provided the analysts' consensus estimates for the 2022 financial year, based on the average of the evaluations of 17 experts and updated on August 4th 2022. In particular, the company should close the current year with revenues for 2,18 billion euros, an increase compared to the 1,95 billion obtained in 2021. The estimate on recurring EBITDA reaches 548,3 million euros, while theadjusted earnings per share it is expected at €1,04, from €0,926 recorded in 2021.
