Brief: Ambu Maintains FY Outlook, Specifies Long-Term Targets

Ambu A/S

21/03/2023 06:25

March 21 (Reuters) - Ambu A/S  AMBUb.CO :
    * PRESENTS UPDATED MARKET POTENTIAL ASSUMPTIONS AT ITS CAPITAL MARKETS DAY 2023, AND
SPECIFIES
LONG-TERM FINANCIAL TARGETS
    * MAINTAINS FY 2022/2023 FINANCIAL GUIDANCE
    * SPECIFIES ITS LONG-TERM FINANCIAL TARGETS
    * EXPECTS A 5-YEAR ORGANIC REVENUE CAGR (2022/23-2027/28) OF >10%
    * COMPANY EXPECTS AN EBIT MARGIN (BEFORE SPECIAL ITEMS) >10% WITHIN NEXT TWO YEARS, WITH A
5-YEAR
TARGET OF AROUND 20% (2027/28)
    * LONG TERM GUIDANCE: REVENUE GROWTH IN ENDOSCOPY SOLUTIONS OF 15-20%, ANAESTHESIA AND
PATIENT
MONITORING COMBINED OF 2-4%, RESPECTIVELY
    * AIMS TO BECOME A POSITIVE CASH FLOW (FCF) GENERATING COMPANY IN 2023/24
    * MAY CONSIDER TO RAISE CAPITAL EQUAL TO AROUND 5% OF ITS B-SHARES OUTSTANDING, SUBJECT TO
MARKET
CONDITIONS AND INVESTOR SUPPORT

Source text for Eikon:  ID:nGNEc5d4Yc 
Further company coverage:  AMBUb.CO 

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