Medical technology company Asker Healthcare Group reported increased revenue and adjusted EBITA in the first quarter compared to the same period last year.
Net sales rose 13.2 percent to SEK 4,521 million (3,995). Organic sales growth was 5 percent (6).
EBITA amounted to SEK 428 million (311), with an EBITA margin of 9.5 percent (7.8).
Adjusted EBITA reached SEK 442 million (364). Organic growth was 8 percent.
'Growth and margin expansion are built on a stable and broad foundation with solid performance across all regions. It is the combination of strong sales development, ongoing efficiency improvements, and economies of scale that is driving organic development', commented CEO Johan Falk.
Operating profit was SEK 310 million (237), with an operating margin of 6.9 percent (5.9).
Profit after tax amounted to SEK 197 million (95), and earnings per share were SEK 0.50 (0.19).
Cash flow from operating activities totaled SEK 419 million (109).
Asker Healthcare Group AB is a Sweden-based primarily engaged in the healthcare industry. The Company focuses on providing medical products and solutions to caregivers and patients across Europe. Vision of Asker Healthcare Group AB is to be the healthcare group in Europe within medical products and solutions, by building and acquiring companies that together with healthcare providers and patients create better health for all. To achieve this vision, the Company has adopted a twin engine growth strategy that combines organic and acquired growth. Asker Healthcare Group AB continuously acquires small and medium-sized companies that complement its existing business. The companies acquired brings a wider product range, new geographies, customer segments or channels to the Group.
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