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Amplitude Surgical – Consolidated 9-Month Sales of €77.3 Million, up 4.0% at Constant Exchange Rates

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  • Consolidated sales of €77.3 million, +4.0% at constant exchange rates

  • Sales from knee and hip activity stable, +0.1% at constant exchange rates

  • Further growth in Novastep’s activity, +29.9% at constant exchange rates

VALENCE, France, April 21, 2022--(BUSINESS WIRE)--Regulatory News:

Amplitude Surgical (ISIN: FR0012789667, Ticker: AMPLI, eligible for PEA-PME plans) (Paris:AMPLI), a leading French player on the surgical technology market for lower-limb orthopedics, announces its sales for the third quarter of its 2021-22 financial year.

Olivier Jallabert, Amplitude Surgical’s CEO, commented: "During the first 9 months of our 2021-22 financial year, Amplitude Surgical posted sales growth of 4.0% at constant exchange rates. However, the Group’s business continued to be negatively affected by the public health situation associated with the COVID-19 pandemic on a large part of its markets. Health restrictions and cancelled operations, as well as the reduced availability of operating rooms and medical staff, slowed the Group’s sales momentum. In March, we saw a gradual return to a more normal level of activity on the French market. Novastep, meanwhile, has continued its development and accounts for approximately 16.4% of Group sales, with growth of 29.9% over the period".

Sales by activity

9M 2021-22 sales

31/03/2022

31/03/2021

Δ at current
exchange
rates

Δ at constant
exchange
rates

€ thousands - IFRS

Knee and hip activity

64,565

63,980

0.9%

0.1%

Feet and ankles (Novastep)

12,690

9,531

33.1%

29.9%

Total

77,255

73,511

5.1%

4.0%

Q3 2021-22 sales

31/03/2022

31/03/2021

Δ at current
exchange
rates

Δ at constant
exchange
rates

€ thousands - IFRS

Knee and hip activity

24,378

23,908

2.0%

0.7%

Feet and ankles (Novastep)

4,778

3,693

29.4%

24.9%

Total

29,156

27,602

5.6%

4.0%

Over the first 9 months of its 2021-22 financial year (to end-March 2022), Amplitude Surgical recorded sales of €77.3 million, up 5.1% in actual terms and 4.0% at constant exchange rates.

In the third quarter of its 2021-22 financial year (from January to March 2022), Amplitude Surgical generated sales of €29.2 million, up 5.6% in actual terms and 4.0% at constant exchange rates. During the quarter, the Group’s business was again significantly impacted by the public health situation, and notably the fifth wave of the COVID-19 pandemic in France and across Europe in January and February.

  • Knee and hip activity was stable, with sales up 0.9% in actual terms and +0.1% at constant exchange rates, in line with the level of activity seen during the first 6 months of the year.
    Globally, the health situation observed over the period and the lack of availability of operating rooms and medical staff are continuing to have a substantial negative impact on activity.

  • Novastep, innovative solutions for foot and ankle surgery, recorded strong growth over the first 9 months of the year, with sales totaling €12.7 million (+29.9% at constant exchange rates). Novastep’s activity now accounts for 16.4% of all Group sales.

Sales by geographical region

9M 2021-22 sales

31/03/2022

31/03/2021

Δ at current
exchange
rates

Δ at constant
exchange
rates

€ thousands - IFRS

France

50,311

48,389

4.0%

4.0%

International

26,944

25,122

7.3%

3.9%

of which: Subsidiaries

20,811

19,215

8.3%

4.0%

of which: Distributors

6,133

5,907

3.8%

3.8%

Total

77,255

73,511

5.1%

4.0%

Q3 2021-22 sales

31/03/2022

31/03/2021

Δ at current
exchange
rates

Δ at constant
exchange
rates

€ thousands - IFRS

France

19,809

18,775

5.5%

5.5%

International

9,347

8,827

5.9%

0.7%

of which: Subsidiaries

6,986

6,758

3.4%

-3.4%

of which: Distributors

2,361

2,068

14.2%

14.1%

Total

29,156

27,602

5.6%

4.0%

From a geographical perspective, sales evolved as follows:

  • On the French market, cumulative sales to the end of March totaled €50.3 million, up 4.0%. Despite the posted growth, activity continued to be negatively impacted by the health situation associated with COVID-19 for most of the first 9 months of the year. Since the start of March, the gradual improvement in the public health situation in France has allowed a return to a more normal level of activity. France accounted for 65% of total Group sales;

  • The Group’s international activity generated sales of €26.9 million, up 7.3% in actual terms and 3.9% at constant exchange rates thanks to the Group’s international subsidiaries. The Group’s subsidiaries recorded sales growth of 8.3% in actual terms to €20.8 million thanks to the considerable increase in Novastep’s foot and ankle activity in the United States. Business with the Group’s distributors increased by 3.8% to €6.1 million;

  • Amplitude Surgical’s direct business (French market and international subsidiaries), which accounted for almost 92% of the Group’s total sales, generated growth of 4.0% at constant exchange rates;

Next press release

2021-22 full-year sales, on Thursday July 21, 2022, after market.

About Amplitude Surgical

Founded in 1997 in Valence, France, Amplitude Surgical is a leading French player on the global surgical technology market for lower-limb orthopedics. Amplitude Surgical develops and markets high-end products for orthopedic surgery covering the main disorders affecting the hip, knee and extremities, and notably foot and ankle surgery. Amplitude Surgical develops, in close collaboration with surgeons, numerous high value-added innovations in order to best meet the needs of patients, surgeons and healthcare facilities. A leading player in France, Amplitude Surgical is developing abroad through its subsidiaries and a network of exclusive distributors and agents distributing its products in more than 30 countries. Amplitude Surgical operates on the lower-limb market through the intermediary of its Novastep subsidiaries in France and the United States. At June 30, 2021, Amplitude Surgical had a workforce of 443 employees and recorded sales of nearly 95.5 million euros.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220421005599/en/

Contacts

Amplitude Surgical
Dimitri Borchtch
CFO
finances@amplitude-surgical.com
+33 (0)4 75 41 87 41

NewCap
Investor Relations
Mathilde Bohin/Thomas Grojean
amplitude@newcap.eu
+33 (0)1 44 71 94 94

NewCap
Media Relations
Nicolas Merigeau
amplitude@newcap.eu
+33 (0)1 44 71 94 98

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