Coloplast raises earnings expectations

Coloplast A/S 

26.04.2012 13:16
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Revenue was up 7% to DKK 5,346m in the first half of the financial year
2011/2012 and the EBIT margin was 27% against 24% during the same period last
year. 

'I'm very pleased. We continue to grow more than the market and have delivered
a solid result which means we can raise our earnings expectations for this
financial year,' says CEO Lars Rasmussen. 

The revenue growth expectations for the financial year 2011/2012 continue to be
about 6% at constant exchange rates and about 8% in DKK based on current
exchange rates. The EBIT margin is raised from about 27% to about 28% at
constant exchange rates and from about 28% to around 29% in DKK based on
current exchange rates. 

Ready to invest in growth
Coloplast's Board of Directors today approved an updated strategy for the next
3-5 years which aims to accelerate growth. 

'The combination of a strong portfolio of new products and a stronger, more
professional sales force means that we now have the foundation to accelerate
growth.' 

'Furthermore, we have over the past four years improved the company's
profitability significantly which means that we are now ready to invest up to 1
billion Danish kroner in growth during the next five years while maintaining
earnings in line with the best in the market, 'says Lars Rasmussen. 

The future investments should maintain and strengthen Coloplast's position as
market leader in Europe, strengthening growth in the developed markets outside
Europe (U.S., Canada, Japan and Australia) as well as providing greater
expansion into new markets including China. 

Coloplast today announced a new sales organisation, which supports the updated
strategy. For more details go to H1 Announcement 

Coloplast's long-term financial ambition is to outgrow the market while
achieving earnings margins that are in line with the best performing med-tech
companies. 

 www.coloplast.com




         PRESS
         Ulla Lundhus
         Media Relations Manager
         +45 4911 1929
         dkul@coloplast.com
         
         INVESTOR RELATIONS
         Ian Christensen
         Vice President, Investor Relations
         +45 4911 1301
         dkisec@coloplast.com
News Source: NASDAQ OMX



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Language:     English
Company:      Coloplast A/S
              
               
              Denmark
Phone:        
Fax:          
E-mail:       
Internet:     
ISIN:         DK0010309657
WKN:          
 
End of Announcement                             DGAP News-Service
 
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