Coloplast will invest around DKK 700 million in a new manufacturing site in Portugal to support the company's continued growth. The new manufacturing site will produce Coloplast's intermittent catheters used by
people suffering from urinary retention, such as people with spinal cord injury or spina bifida, who are unable to empty their bladder. With the new site, Coloplast aims to meet the increasing global demand for intermittent catheters, with an emphasis on Europe, which is the company's largest market accounting for around 60% of its total sales. Despite Europe being a more mature market, Coloplast continues to see strong demand for its intermittent catheters with continued growth above the market. Coloplast's long-term organic growth ambition of 8-10% every year requires the company to establish a new manufacturing site every two to three years to meet the increasing demand. Coloplast has a global manufacturing network with high volume production sites in Hungary, China, and Costa Rica, specialised production in the US, France, Germany, Sweden, and Iceland, as well as an innovation and pilot plant in Denmark. The new site in Portugal will be 30,000 m2, Coloplast's single largest site to date, and is expected to be operational as of 2026.