MedWatch

Coloplast surpasses guidance and sets out to launch share buyback program

Coloplast's Q1 fiscal report shows better overall results than what analysts expected. The firm also announces its plans to launch a share buyback program worth DKK 500m.

Photo: Coloplast / PR

Tuesday morning Danish medtech firm Coloplast presented its Q1 report for the staggered fiscal year 2020/2021, which contained some surprises compared with what analysts had expected.

On this occasion the firm also stated that it expects to launch a new share buyback program over the second quarter of the fiscal year which will amount to DKK 500m (USD 81m) and be concluded by the end of the financial year 2020/2021.

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