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Spine surgery firm SMAIO's H1 sales rise on US expansion

Spine surgery firm SMAIO's H1 sales rise on US expansion


Overview

  • France-U.S. spine surgery firm's H1 sales rose 3% to €5.1 mln, topping €5 mln for first time

  • U.S. sales up 10% in dollars, but euro growth limited by currency and surgeon absence

  • Company expanded U.S. network with 5 new centers and 13 new surgeons in H1


Outlook

  • Company to continue expanding U.S. network and partnerships in H2 2026

  • SMAIO to invest in R&D to enhance and differentiate its product portfolio

  • Company expects gradual resumption of sales at new U.S. hospital center from July


Result Drivers

  • SURGEON RELOCATION - Temporary absence of a top U.S. surgeon after moving hospitals led to lower sales in Q2 and H1, with impact expected to fade as procedures resume

  • NETWORK EXPANSION - Addition of 5 new U.S. centers and 13 new surgeons performing first procedures contributed to revenue growth

  • CURRENCY IMPACT - Unfavorable euro/dollar exchange rate reduced reported euro growth in U.S. sales


Company press release: ID:nBw75krhma


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

H1 Sales

EUR 5.1 mln


Analyst Coverage

  • The current average analyst rating on the shares is "strong buy" and the breakdown of recommendations is 3 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

  • The average consensus recommendation for the pharmaceuticals peer group is "buy."

  • Wall Street's median 12-month price target for SMAIO SA is €8.30, about 4.4% below its July 15 closing price of €8.68


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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