Amplifon stock: Q3 margins strengthen as GN Hearing deal advances
Published on 11/03/2026 at 17:30 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSAmplifon strengthens margins and deal readiness
- Third-quarter organic growth reached 3.6% as adjusted profitability improved faster than sales.
- Amplifon kept its 2026 targets for organic growth and adjusted EBITDA margin expansion unchanged.
- Planning for the GN Hearing integration is progressing ahead of the expected year-end closing, subject to approvals.
Amplifon reported stronger profitability for the third quarter and first nine months on Thursday, October 29, 2026. In its Q3 and nine-month results release, the hearing-care group said organic growth accelerated while adjusted margins widened.
Profitability outpaces revenue growth
Third-quarter revenue rose 2.1% year over year to 575.0 million euros, while organic growth reached 3.6%. Adjusted EBITDA increased 7.0% to 114.8 million euros, lifting the margin to 20.0%. Adjusted EBIT advanced 21.9% to 52.2 million euros, with the margin expanding by 150 basis points to 9.1%.
For the first nine months, revenue reached 1.7608 billion euros and adjusted EBITDA rose 4.5% to 412.8 million euros. The adjusted EBITDA margin improved by 80 basis points to 23.4%, while adjusted EBIT increased 11.5% to 222.0 million euros. Amplifon attributed the improvement to operating leverage and its Fit4Growth program.
Outlook remains unchanged
Management continues to target organic revenue growth above 3% for 2026 and an adjusted EBITDA margin improvement in the region of 100 basis points. The stronger third-quarter margins support the operating case, but the unchanged forecast leaves execution in the final quarter as the next test.
Amplifon also said planning for the integration of GN Hearing is progressing according to schedule. The planned 2.3 billion euro acquisition is expected to close by the end of 2026, subject to regulatory approvals and the separation of GN Hearing from its parent company.
The real-time quote of Amplifon stock showed 11.72 euros on Lang & Schwarz at 17:16 CET on Tuesday, November 3, 2026.
Amplifon S.p.A. at a glance
- Company: Amplifon S.p.A.
- ISIN: IT0004056880
- Lang & Schwarz quote: 11.72 euros, November 3, 2026, 17:16 CET
- Third-quarter organic growth: 3.6%
- 2026 outlook: Organic growth above 3% and adjusted EBITDA margin expansion in the region of 100 basis points
Italian equities remain linked to the FTSE MIB market environment.
