Medacta Group SA
Medacta Group SA announces a revision of the full year guidance
Medacta Group SA / Key word(s): Change in Forecast Press Release CASTEL SAN PIETRO, 5 December 2019 – Medacta Group SA announces a revision of the full year guidance. The company continues to expand, achieving strong revenue growth well above the market growth rate while maintaining a high profitability level. Following an unexpected weak demand in the US and in some minor markets covered by distributors, the overall growth rate in November was below expectations, 8% compared to 17% of the same period of last year. This performance changed the scenario of the year-end forecasted results. Accordingly, the year-end 2019 guidance is as follows: – Revenue: reported growth in the range of 12-14%, equal to 10-12% on a constant currency basis (previously equal to 13-17%) – Adjusted EBITDA: approximately 30% +/-1% (previously 32% +/-1%) – Change in Net Working Capital: 5-7% of total revenue (maintained) – CapEx: 12-15% of total revenue (previously 10-12%) We expect that this revision on full year performance does not affect the mid-term performance. Contact End of ad hoc announcement |
Language: | English |
Company: | Medacta Group SA |
Strada Regina | |
6874 Castel San Pietro | |
Switzerland | |
Phone: | +41 91 696 6060 |
E-mail: | info@medacta.ch, investor.relations@medacta.ch |
Internet: | www.medacta.com |
ISIN: | CH0468525222 |
Listed: | SIX Swiss Exchange |
EQS News ID: | 929805 |
End of Announcement | EQS Group News Service |