Brief: Contextvision Q1 Operating Profit Rises To SEK 11.8 Million

ContextVision AB

23/04/2020 07:12

April 23 (Reuters) - ContextVision AB  COVI.OL :
    * REG-CONTEXTVISION SEES STRONGEST QUARTER EVER WITH RECORD
SALES
AND PRODUCT MOMENTUM WITHIN DIGITAL PATHOLOGY
    * ALL SALES IN THE QUARTER WAS GENERATED FROM THE BUSINESS
UNIT
MEDICAL IMAGING
    * SPECIAL REQUESTS FOR ADDITIONAL VOLUME OF PRODUCTS DUE TO
AN
ELEVATED NEED FOR IMAGING SYSTEMS AND EXAMS AMIDST CURRENT
COVID-19 PANDEMIC
    * Q1 NET SALES SEK 29.2 MILLION VERSUS SEK 21.MILLION YEAR
AGO
    * ALL SALES IS GENERATED OUTSIDE SWEDEN AND FROM EXTERNAL
SALES
    * EXPECT SOME INEVITABLE BUSINESS CHALLENGES DURING
REMAINDER OF
YEAR
    * EBITDA FOR THE FIRST QUARTER REACHED 13.8 MSEK
    * SALES IN ASIA WAS MAIN REVENUE DRIVER ALTHOUGH COMPANY
ALSO
EXPERIENCED STRONG GROWTH IN U.S. AS WELL
    * Q1 OPERATING PROFIT SEK 11.8 MILLION VERSUS SEK 4.3
MILLION YEAR
AGO

Source text for Eikon:  ID:nGNE1vNqWw 
Further company coverage:  COVI.OL 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 778 51 10;))