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.

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