Sweden's Peptonic Medical Q1 operating loss narrows on restructuring
Sweden's Peptonic Medical Q1 operating loss narrows on restructuring
Overview
Sweden medical technology firm's Q1 sales declined yr/yr, gross margin improved to 68%
Q1 operating loss narrowed compared to prior year after restructuring and cost cuts
Company launched two new VagiVital intimate care products after quarter end
Outlook
Company did not provide specific quantitative guidance for the current or full year
Result Drivers
COST REDUCTION - Co said extensive restructuring and cost-cutting measures improved cost-effectiveness and scalability
NORWEGIAN MARKET GROWTH - Co said Norwegian consumer market grew from low levels to a significant part of e-commerce sales
PARTNER SALES VARIABILITY - Co said partner sales remain uneven between quarters due to periodic large orders and deliveries
Company press release: ID:nWkr22nG26
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q1 Sales |
| SEK 3.14 mln |
|
Q1 EPS |
| -SEK 0.0005 |
|
Q1 Gross Margin |
| 68% |
|
Q1 Gross Profit |
| SEK 2.12 mln |
|
Q1 Operating Profit |
| -SEK 5.33 mln |
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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.)
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