Q3 2025 Amplifon SpA Earnings Call Transcript
Key Points
- Amplifon SpA (AMFPF) reported a sales growth of 2.4% at constant exchange rates, with organic growth returning to positive territory close to 1%.
- The company outperformed the market in key regions such as the US, Italy, and Spain, showing strong performance despite challenging market conditions.
- Amplifon SpA (AMFPF) is ahead of schedule with its Fit for Growth program, which aims to improve adjusted EBITDA margin by 150 to 200 basis points by 2027.
- The company has seen a significant improvement in Southern Europe, particularly in Italy and Spain, compared to the second quarter.
- Amplifon SpA (AMFPF) continues to invest in marketing to strengthen its brand presence, which is expected to yield positive returns in the future.
- The adjusted EBITDA margin decreased by 110 basis points year-over-year to 19.1%, primarily due to lower operating leverage and increased marketing investments.
- The US market growth was below historical averages, with the insurance channel decreasing by approximately 4% over the first nine months.
- Australia and New Zealand markets remained in negative territory, impacting overall performance in the Asia-Pacific region.
- The appreciation of the EUR against major currencies had a negative impact of around 3% on the company's financial results.
- Amplifon SpA (AMFPF) reported a decrease in adjusted net profit to approximately 19 million euros, reflecting the seasonally smallest quarter of the year.
Good evening. This is the Corrusco conference operator. Welcome and thank you for joining the Amplifon 3rd quarter and 9 months 2025 results conference call.
As a reminder, all participants are in listen-only mode.
After the presentation, there will be an opportunity to ask questions. Should anyone need assistance during the conference call, they may signal an operator by pressing and 0 on their telephone.
At this time, I would like to turn the conference over to Ms. Francesca Rambaldi, investor relations and sustainability senior director of Amplifon. Please go ahead, madam.
Thank you. Good afternoon and welcome to Alison's conference call on 3rd quarter and first nine months 2025 results.
Before we start, a few logistic comments.
Earlier today, we issued a press release related to our results, and this presentation is posted on our website in the investors section. The call can be accessed via webcast, and dialing details are on Amplifon's website as well as
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