Amplifon stock fell 1.95 percent on October 2, 2026

Published on 10/03/2026 at 23:10 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Amplifon stock stood at EUR 11.55 on October 2, 2026, with a 52-week high of EUR 15.84. Jefferies sees EUR 574 million in third-quarter revenue.

Modernes Hörzentrum mit Beratungsraum und Hörgeräte-Ausstellung, fotorealistisch — Fotorealistisches Bild zeigt modernen Hörzentrum-Ladenraum, passend zu Amplifon S.p.A. mit ISIN IT0004056880, Sektor Medizintechnik, Illustration mit AI erstellt.

Amplifon stock (ISIN IT0004056880) fell 1.95 percent to EUR 11.55 on Borsa Italiana on October 2, 2026, with the last price timestamped at 5:35 p.m. CEST. The move came before the hearing-care group reports third-quarter results on October 29, 2026.

Analysts expect higher margins

According to MarketScreener, Jefferies maintains a Hold rating and a EUR 12.50 price target ahead of the October 29 results. The broker estimates third-quarter revenue of EUR 574 million, compared with EUR 563 million in the prior-year quarter, while adjusted EBITDA is expected at EUR 118 million versus EUR 107 million.

The margin comparison is the key operating signal. Jefferies expects an adjusted EBITDA margin of 20.5 percent, above 19.1 percent a year earlier and 20.2 percent consensus, while adjusted net profit is forecast at EUR 26 million against EUR 19 million.

First half sets the benchmark

Investing.com reports that Amplifon's second-quarter revenue reached EUR 606 million in Q2/2026, up 2.2 percent, with organic growth of 4.7 percent. Adjusted EBITDA margin reached 25.8 percent, up 90 basis points, while first-half adjusted free cash flow rose 70 percent year over year to EUR 68 million.

Those figures give the October report a clear test: revenue growth must remain above the 3 percent organic-growth guidance, while Fit4Growth must continue converting clinic restructuring into margin expansion. The GN Hearing acquisition adds another execution variable, with integration and financing demands competing with the expected operating benefits.

Share price remains below yearly high

Amplifon was last at EUR 11.55 on Borsa Italiana on October 2, 2026 at 5:35 p.m. CEST, down from a prior close of EUR 11.79. The EUR 2.5 billion market capitalization and EUR 1,513,151-share volume accompanied a session range of EUR 11.54 to EUR 11.93.

The stock was 27.1 percent below its 52-week high of EUR 15.84 and 47.3 percent above its 52-week low of EUR 7.84. For investors, the October 29 revenue and margin data will show whether the first-half improvement is becoming a durable earnings trend.