MedWatch

A part of Watch Media

As raw material and energy prices rise, so do Coloplast's costs

In Tuesday’s Q1 financial results, medtech company Coloplast’s top and bottom lines reported growth, but increasing energy expenses and wage inflation in Hungary have meant that production costs have also gone up during the first quarter.

Anders Lonning-Skovgaard, EVP and CFO at Coloplast | Photo: Coloplast / PR
by CHRISTOPHER DUE KARLSSON, translated by daniel pedersen

It is not only Coloplast’s top and bottom lines that have taken leaps in the first quarter of the skewed financial year 2021/2022.

The medtech company’s production costs also moved up a notch compared to the same period the year before, as evident in Coloplast’s financial results that were publicized on Tuesday.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
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

Britt Meelby Jensen wants to rebuild trust in Ambu

Britt Meelby Jensen, new CEO of Ambu | Foto: Novo Holdings / PR

After a turbulent time for Ambu under Juan Jose Gonzalez’s reign, new chief executive appointee Britt Meelby Jensen aims to rebuild the trust in the medtech firm, which has downgraded its expectations seven times over the past three years.

Outgoing Ambu CEO commends colleagues

Today, Juan Jose Gonzalez steps down from his role as chief executing of Ambu | Foto: Ambu/PR

”A true privilege,” says Juan Jose Gonzalez, describing his time as CEO at Ambu, which came to an end with Thursday’s announcement that Britt Meelby Jensen would take over the role.

Further reading

Related articles

Latest news

  1. Top news from MedWatch this week
  2. Outgoing Ambu CEO commends colleagues
  3. Nine new drugs recommended for approval by CHMP at May meeting
  4. Danish Medicines Council rejects Novartis breast cancer drug
  5. Analysts have great faith in incoming Ambu CEO
  6. Britt Meelby Jensen wants to rebuild trust in Ambu
  7. Ambu board had started headhunting process long before firing of CEO
  8. ALK CEO sells shares for USD 1.5m
  9. Novo Nordisk regains Novorapid supply capacity
  10. Ambu appoints Britt Meelby Jensen new CEO
  11. Zealand Pharma reports positive phase III results against congenital hyperinsulinism
  12. Audientes generates first-ever revenue in Q1
  13. Almirall and Evotec to collaborate on multiple severe skin disease targets
  14. Bavarian lands monkeypox vaccine contract with unnamed European country
  15. Thousands of collaborative research papers with China pose threat to Europe, authorities worry

See all

Job

See all jobs

See all jobs