Ambu plummets after guidance and job cuts

Ambu A/S

04/08/2022 08:05

** Shares in Ambu  AMBUb.CO  slump 12% after the Danish
medical device maker cut its margin forecast and said it would
lay off about 200 employees  urn:newsml:reuters.com:*:nASM000M29
    ** The Danish maker of single-use endoscopy solutions now
sees its FY 21/22 EBIT margin before special items to be no less
than 2% compared to 5% it had forecast earlier
    ** It has also cut its FY 21/22 organic revenue growth
guidance to "no less than 4%" from previously 13% 
    ** Including today's losses, the stock is down 58% YTD


($1 = 7.3181 Danish crowns)

 (Reporting by Marie Mannes)
 ((marie.mannes@thomsonreuters.com))