FY results shy of consensus
FY EBITDA came in at EUR119m, 5% below cons. Restated for restructuring costs, EBITDA was EUR236m, up 22% yoy, with EBITDA margin above co. guidance (14.9% vs 14.4%). EBITDA growth was mostly explained by positive volumes and mix excl. France (+EUR21m) and price increases notably on X-ray products (EUR14.6m). France was penalized by the implementation of a new distribution policy driven by public bodies (EBITDA in France fell by EUR2.4m). EBIT was 17% below cons. wit ....

28 Mar 2025
Resetting expectations

Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Resetting expectations
- Published:
28 Mar 2025 -
Author:
Gelebart Laurent LG -
Pages:
10 -
FY results shy of consensus
FY EBITDA came in at EUR119m, 5% below cons. Restated for restructuring costs, EBITDA was EUR236m, up 22% yoy, with EBITDA margin above co. guidance (14.9% vs 14.4%). EBITDA growth was mostly explained by positive volumes and mix excl. France (+EUR21m) and price increases notably on X-ray products (EUR14.6m). France was penalized by the implementation of a new distribution policy driven by public bodies (EBITDA in France fell by EUR2.4m). EBIT was 17% below cons. wit ....