Corrected: BUZZ-Coloplast falls after it posts 'weakish' Q3 EBIT margin

Coloplast A/S

20/08/2024 08:34

(Corrects consensus figure in 2nd bullet to say billion instead
of million)
    ** Shares in Coloplast  COLOb.CO  fall 2% after the Danish
medical equipment maker posted Q3 earnings slightly below
expectations and maintained its FY guidance
    ** Its Q3 adj. EBIT was DKK 1.87 billion ($277.55 million),
slightly below the DKK 1.90 billion estimated in a
company-provided poll
    ** Q3 EBIT margin of 27.2%, which Jefferies describes as
"weakish", is at the lower end of the FY guidance of 27-28%,
mainly due to continued FX headwinds and company-wide salary
hikes
    ** The share is among top fallers on the pan-European STOXX
600 index  .STOXX 

($1 = 6.7375 Danish crowns)

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