MedWatch

Ambu's expectations for the new financial year disappoint analysts

After downgrading twice during the financial year 2020/2021 and with a final organic growth of 16 percent, Ambu's target for 2021/2022 is an organic growth of 15-19 percent, which is considerably less ambitious than what analysts had in mind.

Photo: PR / Ambu

Ambu's goals for the new 2021/2022 financial year are considerably more conservative than what the market had hoped for.

Prior to the medtech company's report, analysts had estimated a financial guidance with an organic growth of around 20 percent, but Ambu reports today that 2021/2022 will deliver organic growth between 15 and 19 percent, according to their guidelines.

Read the whole article

Get 14 days free access.

No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from MedWatch

Coloplast upgrades growth expectations following acquisition

Medtech firm Coloplast’s Q1 report for 2021/2022 brings a slight upward adjustment of the reported revenue growth outlook due to foreign exchange developments. Coloplast’s acquisition of Atos Medical is expected to contribute around 6 percent to organic growth.

Demant's surgical division loses president of 13 years

Oticon Medical, the implants division at hearing group Demant, is saying goodbye to President Jes Olsen, who is exiting his role in March after having spearheaded the business leg since 2008. Demant CEO Søren Nielsen is stepping in temporarily until a replacement is found.

Hearing aid market in US grew by 37 percent in 2021

Hearing aid manufacturers have had a good year following one of the worst in their recorded history, as sales in the US have gone up by 37 percent. The progress is mainly driven by the recovery of independent retailers, whereas public sales channel Veterans Affairs still lags behind.

Further reading

Related articles

Latest news

See all jobs