(CercleFinance.com) – Amplitude Surgical, a specialist in surgical technologies intended for lower limb orthopedics, reported on Friday a slowdown in its growth over the past quarter, an announcement which was sanctioned by the stock market.
The Valencia-based group published a turnover up 7% at constant exchange rates to 20.5 million euros, for its first quarter 2023-2024, ending September.
For comparison, the company’s turnover showed an increase of 14% at constant rates during the previous financial year 2022-2023.
Amplitude underlines that its activity over the past quarter notably benefited from growth of 8.2% in its activity in France, which benefited from favorable commercial dynamics.
France thus represents 76% of its total activity.
Created in 1997 in Valencia, Amplitude Surgical develops and markets high-end products intended for orthopedic surgery covering the main pathologies affecting the hip and knee.
Through its subsidiaries and a network of exclusive agents and distributors, it is present in more than 30 countries and employs 424 employees.
Listed on Euronext Paris, the stock lost 1.2% following this publication. It has posted a symbolic gain of 1.8% since the start of the year.
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