EBIT amounted to
- “We continue to deliver an organic revenue growth that is twice the market growth, driven by solid growth rates across all geographical regions and business areas. I would like to highlight our strong performance in Emerging Markets driven by
China ,Latin America , andRussia . Also, our Wound &Skin Care business delivered a good quarter driven by the Biatain® Silicone portfolio inEurope . In other words, we are off to a good start to the year,” saysColoplast CEOKristian Villumsen .
Organic growth rates by business area were 9% in Ostomy Care, 6% in Continence Care, 9% in Interventional Urology, and 10% in Wound &
Looking at sales by geography, the European markets contributed with 5% growth, Other developed markets delivered 10% revenue growth, while Emerging Markets provided a 16% increase.
Incremental investments of up to 2% of revenue were made in the first quarter into sales and marketing initiatives across multiple markets and business areas.
- “We are investing across regions with a clear focus on
China , our Emerging Markets, the US, and theUK . These markets hold great potential, and our ambition is to continue to take market share, while raising the standard of care for our users,” saysKristian Villumsen .
Coronavirus outbreak in
Financial guidance for 2019/20
The financial impact of the situation in
CONTACTS
Lina Danstrup
Senior Media Relations Manager, Corporate Communications
+45 49 11 26 07
dklina@coloplast.com
Ellen Bjurgert
Vice President, Investor Relations
+45 49 11 33 76
dkebj@coloplast.com
Financial highlights and key ratios (DKKm) | 2019/20 Q1 | 2018/19 Q1 | Change |
Revenue | 4,712 | 4,321 | 9% |
EBIT | 1,472 | 1,297 | 13% |
EBIT margin | 31% | 30% | |
Profit for the period | 1,092 | 991 | 10% |
Sales performance by business area (DKKm) | 2019/20 Q1 | 2018/19 Q1 | Organic growth | Reported growth |
Ostomy Care | 1,907 | 1,736 | 9% | 10% |
Continence Care | 1,686 | 1,579 | 6% | 7% |
Urology Care | 535 | 479 | 9% | 12% |
Wound & | 584 | 527 | 10% | 11% |
Revenue | 4,712 | 4,321 | 8% | 9% |
Financial guidance | Guidance for 2019/20 | Guidance for 2019/20 (DKK) |
Sales growth | 7-8% (organic) | 7-8% |
EBIT margin | ~31% (at constant exchange rates) | ~31% |
Capital expenditure | - | ~850 |
Tax rate | - | ~23% |
Attachment
- 2019_2020_Q1_PM_ENG
© OMX, source