Outlook hike sends Ambu shares up

Ambu A/S

11/04/2024 08:43

** Shares in Ambu  AMBUb.CO  rise 3%, paring earlier gains
of as much as 10%, after the Danish maker of single-use
endoscopy solutions hiked its full-year outlook and posted
preliminary Q2 financials
    ** In a statement published after market close on Wednesday
the company said it sees 2023/24 organic revenue growth of
10-12% (earlier guidance 7-10%) and underlying EBIT margin of
10-12 (earlier guidance 8-10%)
    ** Free cash flow expectations was raised to DKK +370
million from the previous DKK +270 million
    ** Ambu reported preliminary results for Q2 with revenue of
DKK 1,367 million ($196.87 million) compared to DKK 1,189
million year ago, with organic revenue growth of 15.5%
    ** Its prelim EBIT before special items was DKK 194 million,
up from DKK 46 million the previous year
    ** The share, up 9.79% YTD, is among best performers on
pan-Europan STOXX  .STOXX  index


($1 = 6.9436 Danish crowns)

 (Reporting by Elviira Luoma)
 ((Elviira.luoma@thomsonreuters.com))