Sweden's Integrum Q1 sales rise on higher S1 surgeries
Sweden's Integrum Q1 sales rise on higher S1 surgeries
Overview
Sweden medical implant maker's fiscal Q1 net sales rose 27% yr/yr on higher S1 surgeries
Company posted positive EBITDA, aided by SEK 6.2 mln US customs duty refund
Gross margin improved, and lower costs contributed to stronger operating results
Outlook
Company did not provide specific financial guidance for the current quarter or full year
Result Drivers
HIGHER S1 SURGERY VOLUMES - Co said 48 S1 surgeries were performed in Q1, up 17% yr/yr, driving revenue growth
COST BASE REDUCTION - Co said lower external and personnel expenses contributed to improved EBITDA and profitability
CUSTOMS DUTY REFUND - SEK 6.2 mln refund of previously paid US customs duties boosted gross margin and EBITDA
Company press release: ID:nMFN1dT3st
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q1 Sales |
| SEK 30.20 mln |
|
Q1 Operating profit |
| SEK 1.30 mln |
|
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For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
(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.)
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