MedWatch

Ambu to reign in expectations after seventh downgrade since 2019

Juan Jose Gonzalez has been the chief executive of Ambu since 2019, and since then, the medtech firm has downgraded its guidance seven times. Going forward, expectations will fall on the conservative side, he says.

Juan Jose Gonzales, CEO of Ambu | Photo: Ambu/PR

After seven downgrades, four falling consecutively in the most recent financial reports, CEO of Ambu Juan Jose Gonzalez will start being more conservative when making future predictions, he says in an interview with MedWatch.

On Thursday, Ambu downgraded its guidance for the 2021/2022 financial year, now expecting a minimum organic growth of 13% compared to a previous minimum of 15%, and an EBIT (earnings before interest and taxes) margin of at least 5% instead of at least 7%.

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