POSITIVE DEVELOPMENT IN REVENUE AND RESULTS CONTINUES - UPWARD ADJUSTMENT OF
BOTH REVENUE AND EARNINGS FOR FY 2009/10
Ambu won market share and saw continued growth in Q2 2009/10. In Q2 and year to
date, growth in revenue was 7% when measured in local currencies, while in the
first two quarters growth of 11% was recorded in a US market which saw market
growth of 1-3%. The transfer of electrode production from Denmark to Malaysia
is progressing according to plan. The gross margin has improved to 53.8% year
to date, against 51.8% for the same period last year. The operating profit
(EBIT) for Q2 was DKK 32.4m against DKK 25.0m for the same period last year.
Year-to-date EBIT was improved by 26% at DKK 51.1m against DKK 40.4m for the
same period last year. The EBIT margin was 11.4% year to date, against 9.4% for
the same period last year. Based on the continued positive developments in
important areas, Ambu is making an upward adjustment of its outlook for revenue
and earnings in 2009/10. Expectations are of revenue of approx. DKK 925m
against an earlier outlook of DKK 900-925m, an EBIT margin before special items
of upwards of 12.5% against an earlier outlook of 12-12.5%, and finally a
profit before tax of approx. DKK 110m against an earlier outlook of approx. DKK
100m.
