Coloplast A/S - Interim Financial Report, 9M 2023/24 [Yahoo! Finance]
COLOPLAST AS SP/ADR (CLPBY)
NASDAQ:AMEX Investor Relations:
coloplast.com/investor-relations
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Source: Yahoo! Finance
Coloplast delivered 8% organic growth and an EBIT margin of 27% in Q3, with 11% growth in absolute EBIT Reported revenue in DKK grew 13% which includes 4%-points contribution from Kerecis (underlying growth of around 35%). Organic 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%. 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 Luja TM 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. Strong quarter in Advanced Wound Dressings, reflecting continued good momentum and benefit from a lower baseline in Q3
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