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Medical Equipment, Supplies & Distribution

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BRIEF-William Demant 2016 adj. EBIT DKK 2.13 billion, above estimates

Thursday, 23 Feb 2017 01:54am EST

William Demant : 2016 revenue 12.00 billion Danish crowns ($1.71 billion) versus 12.00 billion crowns seen in Reuters poll . 2016 EBIT adjusted 2.13 billion crowns (Reuters poll 2.07 billion crowns) . Says record-high EBIT of 2.13 billion crowns supported by strong finish to year . Says strong revenue growth of 13 pct driven by successful Oticon Opn and retail activities . Guides for 2017 EBIT in range of 2.2-2.5 billion crowns before announced restructuring costs of around 200 million crowns .Aims at target gearing multiple of 1.5-2.0 measured as net interest-bearing debt (NIBD) relative to EBITDA.

Exactech posts Q4 loss per share $0.82

Tuesday, 21 Feb 2017 07:29am EST

Exactech Inc : Exactech 2016 revenue up 7 pct to $257.6 million, Q4'16 revenue increased 6 pct to $66.2 million . Sees Q1 2017 earnings per share $0.26 to $0.28 . Q4 loss per share $0.82 . Sees Q1 2017 revenue $66 million to $68 million . Sees FY 2017 revenue $264 million to $272 million . Q4 revenue rose 7 percent to $257.6 million . Sees FY 2016 adjusted earnings per share $1.18 excluding items . Exactech Inc - on an adjusted basis diluted EPS target is $0.30-$0.32 for Q1 of 2017 . Exactech Inc sees FY 2017 GAAP earnings per share $1.20-$1.28 .Exactech Inc - during Q1 of 2017, co is anticipating an additional $0.9 million in charges related to divestiture of spine assets.

Olympus, Terumo to dissolve capital alliance

Thursday, 9 Feb 2017 01:04am EST

Japan's Olympus Corp <7733.T>, Terumo Corp <4543.T>: Olympus says to sell its entire 2.48 pct stake in Terumo back to Terumo . Olympus says to post 23 billion yen ($205 million) gain on sale . Terumo says will sell its 1.63 pct stake in Olympus by March 2017 .Olympus, Terumo say they will continue their business alliance.

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