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PMED — Peptonic Medical AB News Story

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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


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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