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INTEG B — Integrum AB News Story

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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


Reuters Recommended Reads

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  • Sept 1 - AstraZeneca-Hutchmed drug combination shows promise in advanced lung cancer study


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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