Troubles continue to pile up for Coloplast, with the company announcing its third successive guidance downgrade this year (previous downgrades in January and June 2015, respectively). The current downgrade was brought on by the company recognising an additional DKK3bn provision (DKK2.3bn post tax) related to the transvaginal mesh implants litigation (this is in addition to the DKK1.5bn provision recognised in May 2014, taking the total provision to DKK4.5bn). The move was triggered by US cour
02 Oct 2015
Another downgrade; this time on mesh litigation
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Another downgrade; this time on mesh litigation
Coloplast A/S Class B (COLO:WBO) | 0 0 1.7% | Mkt Cap: 103,237m
- Published:
02 Oct 2015 -
Author:
Jyoti Prakash -
Pages:
3
Troubles continue to pile up for Coloplast, with the company announcing its third successive guidance downgrade this year (previous downgrades in January and June 2015, respectively). The current downgrade was brought on by the company recognising an additional DKK3bn provision (DKK2.3bn post tax) related to the transvaginal mesh implants litigation (this is in addition to the DKK1.5bn provision recognised in May 2014, taking the total provision to DKK4.5bn). The move was triggered by US cour