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Amplifon S.p.A. (AMFPF) CEO Enrico Vita on Q4 2021 Results - Earnings Call Transcript

Mar. 03, 2022 4:05 PM ETAmplifon S.p.A. (AMFPF)
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Amplifon S.p.A. (OTCPK:AMFPF) Q4 2021 Earnings Conference Call March 3, 2022 9:00 AM ET

Company Participants

Francesca Rambaudi - Investor Relations

Enrico Vita - Chief Executive Officer

Gabriele Galli - Chief Financial Officer

Conference Call Participants

Julien Ouaddour - BNP Paribas

Aisyah Noor - Morgan Stanley

Veronika Dubajova - Goldman Sachs

Niccolò Storer - Kepler

Giorgio Tavolini - Intermonte


Good afternoon. This is the Chorus Call conference operator. Welcome and thank you for joining the Amplifon’s Full Year 2021 Results Conference Call. As a reminder, all participants are in listen-only mode. [Operator Instructions] At this time, I would like to turn the conference over to Ms. Francesca Rambaudi, Investor Relations and Sustainability and Senior Director of Amplifon. Please go ahead, madam.

Francesca Rambaudi

Thank you. Good afternoon, and welcome to Amplifon’s conference call on full year 2021 results. Before we start, few logistic comments. This morning, we issued a press release related to our results and this presentation is posted on our website. The call can be accessed also via website and dial-in details are on Amplifon’s website as well as on our press release.

I have to bring your attention to the disclaimer on Slide 2 as some of the statements made during this call maybe considered forward-looking statements. Please also let me drive your attention that in light of the wind down of Elite completed and effective in Q4 2021 and treated as discontinued operations following IFRS 5 application, Elite P&L is excluded from full year ‘21 consolidated results as well as from full year 2020 and full year 2019, which have been fully restated up to the line profit from continuing operations. In addition, in light of the relevant impact of the COVID-19 pandemic on 2020 financials, this presentation also reports 2019 income statement data for greater comparability purposes.

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