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Coloplast Delivers On Ambitious Targets With Solid Interim Report
Date:8/13/2014

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
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