Navigation Links
Coloplast Delivers On Ambitious Targets With Solid Interim Report

MINNEAPOLIS, Aug. 13, 2014 /PRNewswire/ -- Danish medical device company Coloplast delivered revenue of USD* 1,654 million (DKK 9,214 million) and 9% organic growth in the first nine months of the 2013/14 financial year. Q3 organic growth was 8%.

EBIT before special items was up by 13% to USD 547 million (DKK 3,047 million). The EBIT margin before special items was 33% against 31% in 9M 2012/13.

Delivering on ambitious targets
"I'm pleased with the solid financial results we are announcing today. We are continuing our string of healthy growth in all business areas and in all regions, and our consolidated profit is matching the high expectations we have for our company," said Coloplast CEO Lars Rasmussen.

Global sales growth by business area was as follows: Ostomy Care 8%, Continence Care 11%, Urology Care 10% and Wound & Skin Care 10%. Coloplast grew its European business by 6%, Other Developed Markets by 10% and Emerging Markets by 24%.

Consumer centered strategy
Senior Vice President, Chronic Care US, Ed Veome says: "The US is an important market for Coloplast and we have invested to grow our business as we see great potential. It is very encouraging that we have seen strong sales performance in our continence and ostomy care product lines."

"We're pursuing a strategy that puts the consumer in the center. The majority of our users in the US have overcome critical conditions that led them to our products, and we want to help them return to their normal lives. We can only do that by listening and responding to their needs."

Coloplast employs more than 500 people in the US and has it US headquarter in Minneapolis, Minnesota. Globally Coloplast employs more than 9.000 with its products being sold in more than 100 countries around the world. Coloplast is listed on the Copenhagen Stock Exchange, part of the NASDAQ OMX Group and has a market cap of around USD 18 billion (DKK 100 billion).

Financial guidance for 2013/14 unchanged
Following the Q3 interim report, Coloplast continues to expect full-year organic revenue growth of about 9% and of about 7% in DKK. The company continues to expect the EBIT margin before special items to be 33-34% at constant exchange rates and about 33% in DKK.

For further information, click here to read the Q3 Interim Report.

*At exchange rate USD/DKK 5,57 Financial highlights and key ratios Financial highlights
and key ratios
2012/13ChangeFY 2012/13Revenue








3,672EBIT margin



(9) p.p.

32%Special items




-EBIT before special items




3,672EBIT margin before special items

33 %


2 p.p.

32%Sales performance by
business area 9M
DKKmOrganic growthReported growthOstomy Care




4%Continence Care




9%Urology Care




6%Wound & Skin Care







6%Coloplast develops products and services that make life easier for people with very personal and private medical conditions. Working closely with the people who use our products, we create solutions that are sensitive to their special needs. We call this intimate healthcare. Our business includes ostomy care, urology and continence care and wound and skin care. We operate globally and employ more than 9,000 people.

SOURCE Coloplast
Copyright©2014 PR Newswire.
All rights reserved

Related medicine technology :

1. Coloplast Wins Patent Infringement Verdict Against Generic Medical Devices, Inc.
2. First Paralyzed Formula Race Car Drivers "Road to Indy" Sponsored By Coloplast
3. Coloplast Launches the Innovative Altis Single Incision Sling System
4. Shire Delivers Strong First Quarter Performance and Reiterates its Expectation of Good Full Year Earnings Growth
5. Direct Relief Delivers Hurricane Packs As FEMA Urges Preparedness
6. Bayer Partnership Delivers Industry-First Dose Management Offering
7. Largest Public Hospital in Sydney Delivers First Treatment in Australia Using Advanced TrueBeam Radiotherapy and Radiosurgery Device
8. MIOT Hospital Delivers First TrueBeam STx Radiotherapy Treatment in Chennai
9. New Fluke intrinsically safe digital multimeter delivers extreme ruggedness for use in potentially explosive environments
10. Del Mar CEO Delivers Keynote Address at International Drug Discovery Science and Technology Conference
11. Cloudnine Group of Hospitals Delivers 12 Babies by Mid-day on 12/12/12
Post Your Comments:
(Date:10/13/2015)...  The Alliance for Safe Biologic Medicines ... 401 U.S. pharmacists showing strong support for distinguishable names ... transparency in labeling. Michael Reilly . ... survey reinforces what ASBM has been hearing from pharmacists ... that they prefer distinguishable names and more complete specific ...
(Date:10/13/2015)... October 13, 2015 TriGuard™ Cerebral ... additional findings from the multicenter Neuro-TAVR study with the ... San Francisco this week. ... it will be sharing additional findings from the multicenter ... Therapeutics (TCT) meeting in San Francisco ...
(Date:10/13/2015)... BROOMFIELD, Colo. , Oct. 13, 2015  The ... a global leader in musculoskeletal healthcare, will showcase its ... North American Spine Society (NASS) annual meeting, October 14-17, ... Biomet will also host two clinical events: ... Hall Floor Presentation Wednesday, October 14 12:30 – 1 ...
Breaking Medicine Technology:
(Date:10/13/2015)... , ... October 13, 2015 , ... Sir Grout of ... to the local Boston chapter of Ronald McDonald House Charities® (RMHC®). This donation was ... supported Sir Grout of Greater Boston since its inception. , “We believe strongly in ...
(Date:10/13/2015)... (PRWEB) , ... October 13, 2015 , ... ... of anesthesia and pain management services, today announced its partnership with WPC ... integrates data from disparate systems and organizes the data into an aggregated data ...
(Date:10/13/2015)... ... October 13, 2015 , ... ... today their sponsorship of the Microsoft Dynamics AXUG, GPUG and NAVUG Summits to ... Summit and NAVUG Summit are independent user conferences designed and led by users ...
(Date:10/13/2015)... ... October 13, 2015 , ... Relay (, a technology company ... a significant contract that will provide its award-winning private messaging solution to Independence ... growing success of its Relay program, IBX Wire™, which now has over 550,000 ...
(Date:10/13/2015)... ... October 13, 2015 , ... A child without a healthy ... SmileCareClub , the leading remote invisible aligner system, has joined with Global Dental ... without it. For each aligner treatment plan purchased, SmileCareClub will donate one clinic visit ...
Breaking Medicine News(10 mins):