Coloplast A/S - Interim Financial Report, 9M 2023/24

GlobeNewswire08-20

9M 2023/24Interim financial results, 9M 2023/241 October 2023 - 30 June 2024 Coloplast delivered 8% organic growth and an EBIT margin1) of 27% in Q3, with 11% growth in absolute EBIT1). Reported ...

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Reported ...</p>\n\n<a href=\"https://finance.yahoo.com/news/coloplast-interim-financial-report-9m-053300649.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Coloplast A/S - Interim Financial Report, 9M 2023/24</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nColoplast A/S - Interim Financial Report, 9M 2023/24\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-08-20 13:33 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/coloplast-interim-financial-report-9m-053300649.html><strong>GlobeNewswire</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>9M 2023/24Interim financial results, 9M 2023/241 October 2023 - 30 June 2024\nColoplast delivered 8% organic growth and an EBIT margin1) of 27% in Q3, with 11% growth in absolute EBIT1). Reported ...</p>\n\n<a href=\"https://finance.yahoo.com/news/coloplast-interim-financial-report-9m-053300649.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"CVR","symbol_name":"芝加哥机械","start_time":0,"source_url":"https://finance.yahoo.com/news/coloplast-interim-financial-report-9m-053300649.html","article_id":"2460004930","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/vtOyV58KsIYMzqeBgs6Kag--~B/aD0xMTgyO3c9MjQ3MTthcHBpZD15dGFjaHlvbg--/https://media.zenfs.com/en/globenewswire.com/133f9853fa5e77f27e2587159807b598"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2460004930","pubTimestamp":1724131980,"columns":[],"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"9M 2023/24Interim financial results, 9M 2023/241 October 2023 - 30 June 2024. Coloplast delivered 8% organic growth and an EBIT margin1) of 27% in Q3, with 11% growth in absolute EBIT1). Reported revenue in DKK grew 13% which includes 4%-points contribution from Kerecis .Organic growth rates by business area: Ostomy Care 8%, Continence Care 8%, Voice and Respiratory Care 11%, Advanced Wound Care 13%  and Interventional Urology 2%.Growth in Chronic Care was broad-based across regions and includes an improvement in growth in the US Ostomy Care business. Continence Care growth was driven by intermittent catheters, including significant contribution from the male LujaTM catheter. Launch of the female Luja catheter* is ongoing and has received positive customer feedback.Voice and Respiratory Care growth was driven by continued good momentum in both Laryngectomy and Tracheostomy.EBIT1 was DKK 1,870 million, an 11% increase from last year. The EBIT margin1,2 was 27% against 28% last year, and","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"CVR":"芝加哥机械","BK4198":"医疗保健用品","CLPBY":"Coloplast AS","BK4161":"工业机械","CLPBF":"Coloplast AS"},"translate_title":"康乐保A/S-中期财务报告，9M 2023/24","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CVR":1,"CLPBF":0.9,"CLPBY":0.9},"content_text":"9M 2023/24Interim financial results, 9M 2023/241 October 2023 - 30 June 2024\nColoplast delivered 8% organic growth and an EBIT margin1) of 27% in Q3, with 11% growth in absolute EBIT1). Reported revenue in DKK grew 13% which includes 4%-points contribution from Kerecis (underlying growth of around 35%).\n\nOrganic growth rates by business area: Ostomy Care 8%, Continence Care 8%, Voice and Respiratory Care 11%, Advanced Wound Care 13% (Advanced Wound Dressings 13%) and Interventional Urology 2%.\nGrowth in Chronic Care was broad-based across regions and includes an improvement in growth in the US Ostomy Care business. Continence Care growth was driven by intermittent catheters, including significant contribution from the male LujaTM catheter. Launch of the female Luja catheter* is ongoing and has received positive customer feedback.\nVoice and Respiratory Care growth was driven by continued good momentum in both Laryngectomy and Tracheostomy.\nStrong quarter in Advanced Wound Dressings, reflecting continued good momentum and benefit from a lower baseline in Q3 last year.\nContinued momentum and market share gains for Kerecis. Underlying growth in Q3 was around 35% and the EBIT margin excl. PPA amortisation was around 10%, both in line with plan.\nGrowth in Interventional Urology was driven by Men’s Health, partly offset by Women’s Health and Bladder Health and Surgery, both of which detracted from growth. Bladder Health and Surgery was negatively impacted by backorders due to supply shortages experienced by an external supplier.\nEBIT1 was DKK 1,870 million, an 11% increase from last year. The EBIT margin1,2 was 27% against 28% last year, and includes around 100 basis points negative impact from Kerecis, as expected, an increased level of commercial spend, including costs related to product launches, and negative impact from currencies. \n\n9M 2023/24 organic growth of 8% and 27% EBIT margin1. Reported revenue in DKK grew 10% to DKK 20,077 million.\n\nOrganic growth rates by business area: Ostomy Care 7%, Continence Care 8%, Voice and Respiratory Care 10%, Advanced Wound Care 10% (Advanced Wound Dressings 10%) and Interventional Urology 4%. Kerecis contributed 4%-points to reported growth, with an underlying growth of around 35%, in line with expectations.  \nEBIT1 was DKK 5,483 million, a 7% increase from last year. The EBIT margin1,2 was 27% against 28% last year, and includes around 100 basis points negative impact from Kerecis, in line with expectations, and negative impact from currencies.  \nROIC after tax before special items was 15% against 19% last year, negatively impacted by the acquisition of Kerecis.\nFree cash flow was an outflow of DKK 186 million, impacted by income tax paid due to the extraordinary tax payment related to Atos Medical’s IP transfer in Q2. Adjusted for the tax payment, free cash flow was an inflow of DKK 2.3 billion.\n\nFY 2023/24 guidance unchanged.\n\nThe organic revenue growth is expected to be around 8%. Reported growth in DKK is expected to be 10-11% with negative impact of 1-2%-points from currencies and around 4%-points contribution from the acquisition of Kerecis (11 months).\nThe reported EBIT margin before special items1 is expected to be 27-28%. The EBIT margin includes around 100 basis points dilution from Kerecis (incl. around DKK 100 million in PPA amortisation) and negative impact from currencies.\nCapital expenditures expectations adjusted to around DKK 1.3 billion. The effective tax rate is still expected around 22%.\n\n \"We deliver a solid Q3 with 8% organic growth and an EBIT margin of 27%, which is in line with our financial guidance. I want to highlight our continued good momentum in Chronic Care with broad-based growth across our regions as well as a strong performance in Q3 from our Advanced Wound Care business. I am also pleased that our newest members of the Coloplast family, Atos Medical and Kerecis, delivered another solid quarter with double-digit growth. Finally, we are making good progress with our new product launches, expanding our innovation to more and more markets. I would like to highlight our new intermittent catheter, Luja™, which is contributing well to growth in Continence Care and significantly raising the standard of care for people who need help emptying their bladder,” says Kristian Villumsen, President & CEO of Coloplast. \nConference call\nColoplast will host a conference call on Tuesday 20 August 2024 at 11.00 CET. The call is expected to last about one hour.To actively participate in the Q&A session please sign up ahead of the conference call on the link here to receive an e-mail with dial-in details: Register here\nAccess the conference call webcast directly here: Coloplast - 9M 2023/24 conference call\n1.before special items of DKK 36 million in Q3 2023/24 and DKK 70 million in 9M 2023/24. Total FY 2023/24 special items are expected to be around DKK 80 million related to Atos Medical integration cost.  2. before special items income of DKK 28 million in Q3 2022/23 and special items expenses of DKK 5 million in 9M 2022/23.  *Medical Device for which CE-mark has been affixed. Product availability is subject to the regulatory process of individual countries and is not guaranteed. Currently not available in the US. \nFor further information, please contact\nInvestors and analystsAnders Lonning-SkovgaardExecutive Vice President, CFOTel. +45 4911 1111\nAleksandra DimovskaVice President, Investor RelationsTel. +45 4911 1800 / +45 4911 2458Email: dkadim@coloplast.com\nKristine Husted MunkSenior Manager, Investor RelationsTel. +45 4911 1800 / +45 4911 3266Email: dkkhu@coloplast.com\nPress and mediaPeter MønsterSr. Media Relations ManagerTel. +45 4911 2623Email: dkpete@coloplast.com\nAddressColoplast A/SHoltedam 1DK-3050 HumlebaekDenmarkCompany reg. (CVR) no. 69749917\nWebsitewww.coloplast.com\nThis announcement is available in a Danish and an English-language version. In the event of discrepancies, the English version shall prevail.\nColoplast was founded on passion, ambition, and commitment. We were born from a nurse’s wish to help her sister and the skills of an engineer. Guided by empathy, our mission is to make life easier for people with intimate healthcare needs. Over decades, we have helped millions of people to live a more independent life and we continue to do so through innovative products and services. Globally, our business areas include Ostomy Care, Continence Care, Advanced Wound Care, Interventional Urology and Voice and Respiratory Care.\nThe Coloplast logo is a registered trademark of Coloplast A/S. © 2024-08.All rights reserved Coloplast A/S, 3050 Humlebaek, Denmark.\n Attachment \n\n 03_2024_9M_2023_24_Earnings_release","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2460004930"}