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Ambu A/S: Annual report 2018/19 (Earnings release) | ||
By: Nasdaq / GlobeNewswire - 13 Nov 2019 | Back to overview list |
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In Q4, Ambu has transitioned to direct sales of aScope in the USA, and as a result full-year organic growth ends at 4% as planned. Our pipeline of single-use endoscopes is on track and expanded to now cover 15 products in development. We expect to launch our duodenoscope in early Q4 2019/20. “We are in the midst of transitioning to a direct sales model in the USA to position Ambu as the leading supplier of single-use flexible endoscopy. For the past ten years, Ambu has led the creation of the market for single-use endoscopy in pulmonology, and this year we started an accelerated expansion into new endoscopy areas. We entered ENT, and we will advance our pipeline to enter urology and GI in 2019/20 including our next generation monitor. Our investments in innovation, high-quality manufacturing and commercial infrastructure reflect the scale of our commitment to making Ambu one of Europe’s leading medical device companies,” says CEO Juan Jose Gonzalez. Highlights Q4 2018/19
FY 2018/19
Outlook 2019/20 The outlook for 2019/20 is as follows:
The development project for the duodenoscope is progressing well, and we now expect to begin the commercial launch in early Q4 2019/20 rather than “before the end of september 2020” as communicated previously. Instead of appointing Cook Medical as our US distributor, it has been decided to establish a global co-marketing agreement, whereby Ambu and Cook Medical will be working together on introducing the duodenoscope to hospitals not only in the USA but on all major markets. We are building a dedicated commercial infrastructure for the duodenoscope in the USA as we believe a direct sales force will be more effective. We expect the list price of the duodenoscope to be in the range USD 1,400-1,600. All other assumptions regarding the duodenoscope launch are unchanged. A conference call is held today, 13 November 2019, at 10.00 (CET). To ask questions in the Q&A session, please call the following number five minutes before the start of the conference: +45 3544 5577. The conference is broadcast via www.ambu.com/webcastQ42019 and is held in English. The presentation can be downloaded immediately before the conference call via the same link. Ambu’s annual general meeting will be held on Tuesday 17 December 2019 at 13.00 (CET) at Tivoli Hotel & Congress Center, Arni Magnussons Gade 2, 1577 Copenhagen V, Denmark. The annual general meeting will be broadcast live. Contacts Investor relations Media Attachments |
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Copyright 2019 Nasdaq / GlobeNewswire | Back to overview list |