Interim report Q1, 2024: Strong growth in APAC and solid margins
- Sales in APAC grew by 19% in local currencies.
- Gross margin increased to 57.1%.
- Operating cash flow rose to SEK 198 million.
- Net income increased to SEK 115 million.
- Genomics is now part of Genetics business area.
- CEO emphasized strong growth in APAC and solid margins.
- None.
First quarter
- Sales of
SEK 841 (854) million, a flat growth in local currencies and a decrease of2% in SEK. - Sales per region, in local currencies was +
19% in APAC, -2% in EMEA and -14% inAmericas . - Sales per business area, in local currencies was +
12% in Consumables, +8% in Technologies and -12% in Genetics. - Gross margin increased to
57.1% (56.8). - Operating income before depreciation and amortisation (EBITDA) increased to
SEK 272 (262) million, giving an EBITDA margin of32.4% (30.6). - Operating cash flow increased to
SEK 198 million (160). - Net income was
SEK 115 (99) million, resulting in earnings per share ofSEK 0.85 (0.74). - The product area Genomics was previously reported in Consumables business area but is now part of Genetic Services business area, renamed to Genetics business area.
VITROLIFE AB (publ)
Bronwyn Brophy O´Connor, CEO
This disclosure contains information that Vitrolife AB (publ) is obliged to make public pursuant to the Swedish Securities Markets Act (2007:528). The information was submitted for publication, through the agency of the contact person, on 18-04-2024 08:00 CET.
Contact:
Patrik Tolf, CFO, phone +46 (0) 31 766 90 21
This is a translation of the Swedish version of the press release. When in doubt, the Swedish wording prevails.
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Interim report Q1, 2024 |
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SOURCE Vitrolife AB (publ)