Denmark's Coloplast Q3 in line with forecasts, keeps 2014 outlook

COPENHAGEN Wed Aug 13, 2014 6:04am EDT

Related Topics

COPENHAGEN Aug 13 (Reuters) - Danish healthcare products maker Coloplast reported a rise in its third-quarter operating profit and kept its full-year outlook for 2014 revenue growth and operating margin.

Earnings before interest and tax (EBIT) rose to 1.05 billion Danish crowns ($188 million) in April-June on revenues of 3.13 billion crowns, compared to 943 million crowns a year earlier and roughly in line with an average forecast of 1.01 billion crowns in a Reuters poll..

The group reiterated its full-year 2013/14 forecast for organic revenue growth of 9 percent in local currencies and operating margin before special items of between 33 percent and 34 percent at constant exchange rates and 33 percent in Danish crowns.

(1 US dollar = 5.5807 Danish crown) (Reporting by Stine Jacobsen)

FILED UNDER:
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.