Sweden's Bactiguard Q3 revenue rises on partnership with Becton, Dickinson & Company
Sweden's Bactiguard Q3 revenue rises on partnership with Becton, Dickinson & Company
Overview
Sweden MedTech firm's Q3 revenue rose 21% yr/yr on strong partnership demand
Adjusted EPS turned positive to SEK 0.25 from a loss last yr
Company cites Becton, Dickinson partnership as key contributor to Q3 performance
Outlook
Company expects continued positive growth within its license business, driven by market traction
Bactiguard sees long-term outlook for Wound Management as positive, citing market dynamics and Hydrocyn aqua expansion
Company remains committed to disciplined cost management while investing in long-term growth priorities
Result Drivers
PARTNERSHIP GROWTH - Co said revenues from Becton, Dickinson partnership grew more than 30% and were main contributor to Q3 performance
ROYALTY INCREASE - Double-digit growth in royalties from Zimmer Biomet partnership driven by higher product sales and market demand
LEAN OPERATIONS - Co said lean business model helped translate revenue growth into strong underlying earnings in Q3
Company press release: ID:nMFN5CTlTK
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Revenue | Beat | SEK 58.40 mln | SEK 55 mln (1 Analyst) |
Q3 Adjusted EPS |
| SEK 0.25 |
|
Q3 Net Income |
| SEK 7.30 mln |
|
Q3 EBITDA |
| SEK 17.50 mln |
|
Q3 Operating Cash Flow |
| SEK 14 mln |
|
Q3 Operating Profit |
| SEK 6.80 mln |
|
Analyst Coverage
Wall Street's median 12-month price target for Bactiguard Holding AB is SEK21.50, about 49.3% above its October 21 closing price of SEK14.40
Reuters Recommended Reads
Oct 21 - Sweden's Getinge Q3 organic sales rise 2.1%
Oct 21 - Medical gear maker Getinge beats Q3 profit estimates on pricing, product mix
Oct 21 - Sweden's AddLife beats Q3 net sales expectations
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)