MedWatch

Analyst on Coloplast: Very good financial report was helped by favorable currency rates

Medtech company Coloplast lifted its organic growth over the market’s estimates in Q1, and the company could also add a little to the top line due to positive currency fluctuations. All in all, Coloplast’s report is very good, says Analyst Søren Løntoft Hansen.

Photo: Sydbank/PR

Positive currency fluctuations – driven by a strong American dollar – have helped lift the medtech company’s top line in the first quarter of financial 2021/2022, where the company’s revenue beat expectations.

It is therefore completely reasonable for Coloplast to raise its growth guidance a tad in Danish kroner in its report, says Søren Løntoft Hansen, senior equity analyst at Danish bank Sydbank.

According to the report, Coloplast’s organic growth was also over the market’s estimates.

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

In a world of options, Genmab's CEO chose partnerships

In 2015, Genmab partnered with relatively unknown biotech firm Biontech. Reflecting on how far Genmab has come since, CEO Jan van de Winkel is still confident that partnerships, rather than acquisitions, are the way forward. If it had acquired Biontech at the time, the CEO speculates Genmab may have put a stop to other activities – including the Covid-19 vaccine efforts that went on to save millions of lives. This and fairness are worth remembering as biotech firms are increasingly strapped for cash, van de Winkel reflects.

Analyst predicts slow start for Leo Pharma's Adtralza in UK

The take-up of Leo Pharma’s atopic eczema drug Adtralza in the UK will be slow-going, according to analyst bureau Global Data, after the British institute NICE released draft guidance where it was not recommend it as a standard treatment in England and Wales.

Further reading

Related articles

Latest news

See all jobs