MedWatch

Coloplast's important growth market still curbed by the pandemic

China is a key part of the medtech company’s growth plan for its ostomy business, but extensive Covid-19 restrictions are hampering growth. ”We don’t predict any improvements this calendar year,” says CFO Anders Lonning-Skovgaard.

Anders Lonning-Skovgaard, CFO of Coloplast | Photo: Niels Hougaard/ERH

Although Coloplast has geared back up after the pandemic, reporting 8% organic growth and an operating margin of 30% before special items in the latest quarter, one thing in particular is slowing the medtech company down.

Coloplast’s ostomy business, dubbed Ostomy Care, has been strongly impacted by lockdowns in China.

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