Brief: Sedana Medical: Positive Year-Over-Year Growth In All Markets

Sedana Medical AB (publ)

27/04/2023 06:20

April 27 (Reuters) - Sedana Medical AB (publ)
 SEDANA.ST :
    * INVESTMENTS IN SHORT-TERM DEPOSITS WERE MADE OF MSEK
-306.2
DURING Q1
    * POSITIVE YEAR-OVER-YEAR GROWTH IN EVERY ONE OF OUR DIRECT
MARKETS.
    * OUR MAIN MARKET GERMANY GREW BY 13%
    * WE SAW ANOTHER DECLINE OF -39% (-43% AT FIXED CURRENCIES)
IN OUR
DISTRIBUTOR MARKETS
    * LACK OF ORDERS FROM OUR SOUTH AMERICAN DISTRIBUTOR WHO
CONTINUES
TO WORK THROUGH HIGH INVENTORY LEVELS
    * WE SAW HIGHER DISTRIBUTOR SALES THAN LAST YEAR, AND
QUARTER-OVER-QUARTER GROWTH FOR THIRD TIME IN A ROW
    * LAST SIZEABLE ORDER FROM SOUTH AMERICA WAS RECEIVED IN Q2
2022

Source text for Eikon:  ID:nWkr1yLcKj 
Further company coverage:  SEDANA.ST 

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