MARKEDLY IMPROVED EARNINGS AND SOLID GROWTH IN REVENUE
Ambu won market share in Q3 2009/10 and maintained positive developments from
1H. Growth in revenue totalled 9% in Q3, while year-to-date growth stands at 7%
when reported in local currencies. In the USA, where market growth is 1-3%,
Ambu realised 15% growth in revenue in Q3 and year-to-date growth of 12%. The
gross margin has improved to 54.1% year to date, against 52.2% for the same
period last year. The operating profit (EBIT) for Q3 was DKK 32.6m against DKK
21.8m for the same period last year. Year-to-date EBIT was improved by 35% at
DKK 83.7m against DKK 62.2m for the same period last year. The EBIT margin was
12.2% year to date, against 9.6% for the same period last year. The outlook for
2009/10 is of revenue of just over DKK 925m, an EBIT margin before special
items of just over 12.5% and a profit before tax of approx. DKK 110m.
