Amplitude Surgical - Consolidated Annual Sales of €100.2m, up +14.0% at Constant Exchange Rates

Regulatory News:

Amplitude Surgical (ISIN: FR0012789667, Mnemo: AMPLI, PEA-PME eligible), a leading French player on the surgical technology market for lower-limb orthopedics, announces its consolidated sales for fiscal year 2022-23.

Olivier Jallabert, Amplitude Surgical’s CEO, commented: "Group sales for the 2022-23 financial year, corresponding solely to the knees and hips business, are up +14.0% at constant exchange rates on the previous year. Sales growth was driven in particular by a +15.8% increase in business in France, which benefited from a favorable sales dynamic".

Consolidated sales for fiscal 2022-2023

Following the announcement on June 29, 2023 of the finalization of the disposal of Novastep's extremities business, sales are presented for the knees and hips business only.

Sales FY 2022-23	30/06/2023	30/06/2022	Change at current exchange rates	Change at constant exchange rates
€ thousands - IFRS
Knee and hip activities	100,201	87,559	14.4%	14.0%
Total	100,201	87,559	14.4%	14.0%

Sales Q4 2022-23	30/06/2023	30/06/2022	Change at current exchange rates	Change at constant exchange rates
€ thousands - IFRS
Knee and hip activities	24,784	22,994	7.8%	9.0%
Total	24,784	22,994	7.8%	9.0%

Amplitude Surgical sales for FY 2022-23 came to €100.2 million, up 14.4% and 14.0% at constant exchange rates.

Sales in France were up 15.8%, while international distributors were up 11.5%, and the Group's international subsidiaries reported growth of 10.6% at current exchange rates and 8.7% at constant exchange rates.

Amplitude Surgical's direct sales (French market and international subsidiaries), which account for almost 93% of total Group sales, rose by +14.2% at constant exchange rates.

In France, the Group benefited from favorable sales momentum throughout the year. France accounts for around 73% of Group sales.

For international subsidiaries, overall performance was up, but the level of activity varied according to geographic zone: business was up in Brazil, Benelux and South Africa, while Australia and Germany saw a decline in sales.

Next press release:

Annual results 2022-23: Wednesday, October 18, 2023, after market close.

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 and knee. 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. As of June 30, 2023, Amplitude Surgical employed 424 people and generated sales of nearly 100.2 million euros.

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The Amplitude Surgical Stock at the time of publication of the news with a raise of +0,59 % to 3,40EUR on Lang & Schwarz stock exchange (20. Juli 2023, 18:04 Uhr).