MedWatch

Ambu downgrades, will cut costs

The Danish medtech firm’s preliminary Q3 report for 2021/2022 announced a cost reduction program, which will affect staffing and is expected to yield DKK 250m (USD 34.1m) in annualized savings.

Photo: PR / Ambu

On Wednesday, Danish medtech firm Ambu announced preliminary financial figures from the third quarter of fiscal 2021/2022 – alongside a guidance downgrade for the full-year and a cost reduction program meant to result in DKK 250m (USD 34.1m) annualized savings.

Ambu generated DKK 1.1bn (USD 150.2m) in sales in the three-month period, booking an operating profit (EBIT before special items) of DKK 42m (USD 5.7m). Organic growth amounted to 6% in July, which Ambu notes is ”significantly below [the firm’s] expectations.”

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