Preliminary results for Q3 2021/22, current trading (July) and launch of cost reduction program. Full-year 2021/22 guidance revised
* Preliminary Q3 organic revenue growth was 8%. Visualization organic growth was 0%, Anaesthesia organic growth was 14%, and Patient Monitoring & Diagnostics (PMD) organic growth was 20%.
* Preliminary Q3 organic revenue growth was 8%. Visualization organic growth was 0%, Anaesthesia organic growth was 14%, and Patient Monitoring & Diagnostics (PMD) organic growth was 20%.
3/8 2022 20:41 Aps invest 4
105007 Organic revenue growth of no less than 4% (previously 13%+) EBIT margin before special items of no less than 2% (previously EBIT margin 5%+)
3/8 2022 21:15 Vær-kritisk 6105009 Og økonomisk Ugebrev havde lige, jeg ved ikke hvordan, forudset en kæmpe short squeeze. Den kan de vist godt aflyse. Det ligner kurs 50..
3/8 2022 22:08 ProInvestorNEWS 5105010 Følg også med i Ambu-chatten:
https://www.proinvestor.com/chathistory/-126/ambu
https://www.proinvestor.com/chathistory/-126/ambu
3/8 2022 22:12 4105011 Mener ØU havde stillet et spørgsmål, om det bliver til et squezze, men jeg læste ikke indholdet i artiklen.
Men et spørgsmål, kan aldrig blive til en forudsigelse, i min verden
og 17. juli skriver ØU, at TA muligvis skal teste 50.
Så det er nærmere en helgardering end en forudsigelse
Men et spørgsmål, kan aldrig blive til en forudsigelse, i min verden
og 17. juli skriver ØU, at TA muligvis skal teste 50.
Så det er nærmere en helgardering end en forudsigelse
Kan nogen fortælle mig hvorfor Ambu handles til kurs 77? Er der nogen der tror på de får vendt skuden?
4/8 2022 11:24 2105035 Det hurtige svar er jo åbenlyst, at det er den aktuelle betalingsvillighed fra investoren, i det frie markedet. Du ved, udbud og efterspørgsel, der mødes i en spotpris i et effektivt marked.
4/8 2022 13:06 2105039 Hvad giver, at man kan anvende P/E som forudsætning, for en prissætning af en aktie?
Prisen bestemmes af hvad køber og sælger kan enes om i en handel til såkaldt dagsværdi.
Du må finde én der har købt i kurs 77 og spørge pågældende, hvorfor betalingsvilligheden er kurs 77 og om man har anvendt PE som en forudsætning.
Prisen bestemmes af hvad køber og sælger kan enes om i en handel til såkaldt dagsværdi.
Du må finde én der har købt i kurs 77 og spørge pågældende, hvorfor betalingsvilligheden er kurs 77 og om man har anvendt PE som en forudsætning.
4/8 2022 14:13 DjengisCash 5105049 Aliaz, høj p/e peger i retning af forventet vækst i indtjeningen i fremtiden. Så det er åbenbart markedsvurderingen.
3/8 2022 22:16 ProInvestorNEWS 2105012 Preliminary results for Q3 2021/22, current trading (July) and launch of cost reduction program. Full-year 2021/22 guidance revised
Preliminary Q3 organic revenue growth was 8%. Visualization organic growth was 0%, Anaesthesia organic growth was 14%, and Patient Monitoring & Diagnostics (PMD) organic growth was 20%.
Current trading for July, the first month of the last quarter of the financial year 2021/22, showed an organic revenue growth of 6%, significantly below expectations.
Decision to launch a cost reduction program expected to result in an annualised savings of DKK 250m from the financial year 2022/23. One-off expenses in connection with the cost reduction program of DKK 150m, the majority of which will be booked as special items in Q4 2021/22, including an inventory write-down of DKK 45m related to Ambu® aScope™ Duodeno 1.5.
FY 21/22 guidance revised to organic revenue growth of no less than 4% (previously 13%+) with an EBIT margin before special items of no less than 2% (previously EBIT margin 5%+).
Ambu's Chief Executive Officer, Britt Meelby Jensen, says:
"Ambu is a great company with leading capabilities in single-use endoscopy and a comprehensive, high-quality product portfolio. We have had great successes, but also challenges. I have assessed the situation with the leadership team, and it is clear that the single-use market remains very attractive, but also that it is taking longer than expected to penetrate certain segments like duodenoscopy. To strengthen our financial position and flexibility, we have decided to launch a cost reduction program. We will take a more focused approach to innovation and sales execution, while remaining deeply committed to both. We will also adjust to work in a more structured way and mature our processes. As a consequence of the decision to implement these changes, and with a challenging current trading in July, we are unfortunately making a significant reduction to our 2021/22 full-year guidance. We remain confident in the potential to build a strong and sustainable high-growth company, delivering value to our customers, the patients we serve, and our shareholders."
PRELIMINARY HIGHLIGHTS FOR Q3 2021/22
Last year's comparative figures are stated in brackets.
Revenue was DKK 1,128m (DKK 973m) based on organic growth of 8% (7%). Reported growth was 16% (3%). For the first nine months of the year, organic growth was 5% (16%), with a reported growth of 10% (11%).
Revenue in North America grew organically by 16% (32%) and in Europe by 4% (-10%), while Rest of World declined by -4% (7%). For the first nine months of the year, organic growth rates were: North America 15% (16%), Europe -3% (16%) and Rest of World -2% (11%).
Organic growth in Visualization was 0% (0%). For the first nine months of the year, organic growth in Visualization was 0% (29%). This is driven by continued strong growth in our Cystoscopy and ENT businesses, offset by a decline in bronchoscopy due to high covid comparables, increased competition in the U.S., and lower ICU admissions. In addition, we see continued slow uptake of Ambu® aScope™ Duodeno 1.5.
Unit sales of single-use endoscopes reached 400,000 and 1,263,000 units in total for the first nine months of the year, corresponding to sales volume growth of 4% and 11%, respectively, relative to last year.
Organic growth in Anaesthesia was 14% (-1%) and 20% (44%) in Patient Monitoring & Diagnostics (PMD). For the first nine months of the year, organic growth in Anaesthesia and PMD was 7% (0%) and 14% (7%), respectively.
Gross margin for the quarter was 55.8% (62.5%). For the first nine months of the year, the gross margin was 58.2% (63.4%). The declining gross margin is due to inflationary effects on input prices at our production facilities, ramping-up production facilities in Mexico, shifts in product mix and the inventory write-off of Ambu® VivaSight™ 2 DLT.
OPEX totalled DKK 587m (DKK 520m), corresponding to an increase of 13% due to an increase in freight costs, depreciation, amortisation and currency translation effects, primarily driven by the appreciating USD/DKK over last year.
EBIT before special items was at DKK 42m (DKK 88m), with an EBIT margin before special items of 3.7% (9.0%). For the first nine months of the year, EBIT before special items was DKK 129m (DKK 336m) with an EBIT margin before special items of 3.9% (11.2%).
Special items include one-off cost of DKK 13m (DKK 0m) associated with the change of CEO in May. For the year-to-date special items was DKK 13m (DKK 0m).
EBIT after special items for the quarter was at DKK 29m (DKK 88m) with an EBIT margin of 2.6% (9.0%), and for the year-to-date EBIT was 116m (DKK 336m) with an EBIT margin of 3.5% (11.2%).
Total net interest-bearing debt (NIBD) was DKK 1,423m (DKK 638m), corresponding to a leverage ratio of 3.5x (1.1x) 12 months of EBITDA before special items.
CURRENT TRADING (JULY PERFORMANCE)
Current trading for July showed an organic revenue growth of 6%, significantly below our expectations for a rapid acceleration in Q4 as communicated with the Q2 results.
COST REDUCTION PROGRAM AND ADJUSTMENT TO PRICING PRACTICES
In order to strengthen the free cash flow and improve the profitability to support future growth, it has been decided that a cost reduction program will be implemented with immediate effect. We will reduce our sales force in certain markets and reduce investment levels into innovation, where we will take a more focused approach. The sales force reductions will reflect the slower-than-expected uptake of Ambu® aScope™ Duodeno 1.5 but maintain our ability to commercialise our full GI pipeline. In innovation, we will continue to develop and launch our previously announced Visualization pipeline in line with our ambition to be the world leader in single-use endoscopy, but will scale down select investments into future technologies and new product developments within Anaesthesia and PMD.
The cost reduction program is expected to result in an annualised impact of DKK 250m pre-tax savings (thereof approximately DKK 165m CapEx) from the financial year 2022/23.
The actions announced today will correspond to a reduction of approximately 200 employees from our global workforce, subject to consultation procedures in countries where required.
In connection with the cost reduction program, Ambu expects to record pre-tax one-off charges of DKK 150m, which will be treated as special items. The majority of the charges are expected to be recorded in Q4 2021/22. The charges include DKK 50m related to severance, DKK 55m in asset write-offs related to in-progress development projects and a write-down of DKK 45m of Ambu® aScope™ Duodeno 1.5 inventory. The inventory write-down is linked to a decision to not launch in additional markets for now.
Ambu also announces that it is adjusting its pricing practices, to reduce the level of discounts and rebates. This is expected to result in a one-time negative impact on sales equal to approximately 1 percentage point on full-year growth in 2021/22, expected in Q4 2021/22.
REVISED FY 2021/22 GUIDANCE
As a result of the above, the guidance for the 2021/22 financial year is revised to:
Organic revenue growth of no less than 4% (previously 13%+)
EBIT margin before special items of no less than 2% (previously EBIT margin 5%+)
This guidance is expected to include high-single-digit organic growth in the combined Anaesthesia and PMD businesses and above 700,000 combined ENT & cystoscope units.
A conference call is held Thursday 4 August 2022, at 08:15 (CEST). The conference is broadcast live via https://live.axion.dk/ambu/220804/zGgsu82h.html. To ask questions in the Q&A session, please call one of the numbers below five minutes before the start of the conference and enter the following access code: 75723.
Denmark (toll free): +45 80886270
Denmark (toll): +45 78774197
U.K.: +44 0‑808‑101‑1183
U.S. (toll free): +1 800‑343‑1703
U.S. (toll): +1 203‑518‑9859
The presentation can be downloaded after the conference at Ambu.com/presentations.
CONTACT INFORMATION
Investor relations
Nicolai Thomsen, Director, Investor Relations & Strategic Financial Planning, [email protected] / +45 2620 8047
Media
Tine Bjørn Schmidt, Head of Corporate Communications, [email protected] / +45 2264 0697
Ambu A/S, Baltorpbakken 13, 2750 Ballerup, Denmark, Tel. +45 7225 2000 / CVR no.: 63 64 49 19 / www.Ambu.com
Attachment:
company_announcement_no_12_2021_22.pdf
Preliminary Q3 organic revenue growth was 8%. Visualization organic growth was 0%, Anaesthesia organic growth was 14%, and Patient Monitoring & Diagnostics (PMD) organic growth was 20%.
Current trading for July, the first month of the last quarter of the financial year 2021/22, showed an organic revenue growth of 6%, significantly below expectations.
Decision to launch a cost reduction program expected to result in an annualised savings of DKK 250m from the financial year 2022/23. One-off expenses in connection with the cost reduction program of DKK 150m, the majority of which will be booked as special items in Q4 2021/22, including an inventory write-down of DKK 45m related to Ambu® aScope™ Duodeno 1.5.
FY 21/22 guidance revised to organic revenue growth of no less than 4% (previously 13%+) with an EBIT margin before special items of no less than 2% (previously EBIT margin 5%+).
Ambu's Chief Executive Officer, Britt Meelby Jensen, says:
"Ambu is a great company with leading capabilities in single-use endoscopy and a comprehensive, high-quality product portfolio. We have had great successes, but also challenges. I have assessed the situation with the leadership team, and it is clear that the single-use market remains very attractive, but also that it is taking longer than expected to penetrate certain segments like duodenoscopy. To strengthen our financial position and flexibility, we have decided to launch a cost reduction program. We will take a more focused approach to innovation and sales execution, while remaining deeply committed to both. We will also adjust to work in a more structured way and mature our processes. As a consequence of the decision to implement these changes, and with a challenging current trading in July, we are unfortunately making a significant reduction to our 2021/22 full-year guidance. We remain confident in the potential to build a strong and sustainable high-growth company, delivering value to our customers, the patients we serve, and our shareholders."
PRELIMINARY HIGHLIGHTS FOR Q3 2021/22
Last year's comparative figures are stated in brackets.
Revenue was DKK 1,128m (DKK 973m) based on organic growth of 8% (7%). Reported growth was 16% (3%). For the first nine months of the year, organic growth was 5% (16%), with a reported growth of 10% (11%).
Revenue in North America grew organically by 16% (32%) and in Europe by 4% (-10%), while Rest of World declined by -4% (7%). For the first nine months of the year, organic growth rates were: North America 15% (16%), Europe -3% (16%) and Rest of World -2% (11%).
Organic growth in Visualization was 0% (0%). For the first nine months of the year, organic growth in Visualization was 0% (29%). This is driven by continued strong growth in our Cystoscopy and ENT businesses, offset by a decline in bronchoscopy due to high covid comparables, increased competition in the U.S., and lower ICU admissions. In addition, we see continued slow uptake of Ambu® aScope™ Duodeno 1.5.
Unit sales of single-use endoscopes reached 400,000 and 1,263,000 units in total for the first nine months of the year, corresponding to sales volume growth of 4% and 11%, respectively, relative to last year.
Organic growth in Anaesthesia was 14% (-1%) and 20% (44%) in Patient Monitoring & Diagnostics (PMD). For the first nine months of the year, organic growth in Anaesthesia and PMD was 7% (0%) and 14% (7%), respectively.
Gross margin for the quarter was 55.8% (62.5%). For the first nine months of the year, the gross margin was 58.2% (63.4%). The declining gross margin is due to inflationary effects on input prices at our production facilities, ramping-up production facilities in Mexico, shifts in product mix and the inventory write-off of Ambu® VivaSight™ 2 DLT.
OPEX totalled DKK 587m (DKK 520m), corresponding to an increase of 13% due to an increase in freight costs, depreciation, amortisation and currency translation effects, primarily driven by the appreciating USD/DKK over last year.
EBIT before special items was at DKK 42m (DKK 88m), with an EBIT margin before special items of 3.7% (9.0%). For the first nine months of the year, EBIT before special items was DKK 129m (DKK 336m) with an EBIT margin before special items of 3.9% (11.2%).
Special items include one-off cost of DKK 13m (DKK 0m) associated with the change of CEO in May. For the year-to-date special items was DKK 13m (DKK 0m).
EBIT after special items for the quarter was at DKK 29m (DKK 88m) with an EBIT margin of 2.6% (9.0%), and for the year-to-date EBIT was 116m (DKK 336m) with an EBIT margin of 3.5% (11.2%).
Total net interest-bearing debt (NIBD) was DKK 1,423m (DKK 638m), corresponding to a leverage ratio of 3.5x (1.1x) 12 months of EBITDA before special items.
CURRENT TRADING (JULY PERFORMANCE)
Current trading for July showed an organic revenue growth of 6%, significantly below our expectations for a rapid acceleration in Q4 as communicated with the Q2 results.
COST REDUCTION PROGRAM AND ADJUSTMENT TO PRICING PRACTICES
In order to strengthen the free cash flow and improve the profitability to support future growth, it has been decided that a cost reduction program will be implemented with immediate effect. We will reduce our sales force in certain markets and reduce investment levels into innovation, where we will take a more focused approach. The sales force reductions will reflect the slower-than-expected uptake of Ambu® aScope™ Duodeno 1.5 but maintain our ability to commercialise our full GI pipeline. In innovation, we will continue to develop and launch our previously announced Visualization pipeline in line with our ambition to be the world leader in single-use endoscopy, but will scale down select investments into future technologies and new product developments within Anaesthesia and PMD.
The cost reduction program is expected to result in an annualised impact of DKK 250m pre-tax savings (thereof approximately DKK 165m CapEx) from the financial year 2022/23.
The actions announced today will correspond to a reduction of approximately 200 employees from our global workforce, subject to consultation procedures in countries where required.
In connection with the cost reduction program, Ambu expects to record pre-tax one-off charges of DKK 150m, which will be treated as special items. The majority of the charges are expected to be recorded in Q4 2021/22. The charges include DKK 50m related to severance, DKK 55m in asset write-offs related to in-progress development projects and a write-down of DKK 45m of Ambu® aScope™ Duodeno 1.5 inventory. The inventory write-down is linked to a decision to not launch in additional markets for now.
Ambu also announces that it is adjusting its pricing practices, to reduce the level of discounts and rebates. This is expected to result in a one-time negative impact on sales equal to approximately 1 percentage point on full-year growth in 2021/22, expected in Q4 2021/22.
REVISED FY 2021/22 GUIDANCE
As a result of the above, the guidance for the 2021/22 financial year is revised to:
Organic revenue growth of no less than 4% (previously 13%+)
EBIT margin before special items of no less than 2% (previously EBIT margin 5%+)
This guidance is expected to include high-single-digit organic growth in the combined Anaesthesia and PMD businesses and above 700,000 combined ENT & cystoscope units.
A conference call is held Thursday 4 August 2022, at 08:15 (CEST). The conference is broadcast live via https://live.axion.dk/ambu/220804/zGgsu82h.html. To ask questions in the Q&A session, please call one of the numbers below five minutes before the start of the conference and enter the following access code: 75723.
Denmark (toll free): +45 80886270
Denmark (toll): +45 78774197
U.K.: +44 0‑808‑101‑1183
U.S. (toll free): +1 800‑343‑1703
U.S. (toll): +1 203‑518‑9859
The presentation can be downloaded after the conference at Ambu.com/presentations.
CONTACT INFORMATION
Investor relations
Nicolai Thomsen, Director, Investor Relations & Strategic Financial Planning, [email protected] / +45 2620 8047
Media
Tine Bjørn Schmidt, Head of Corporate Communications, [email protected] / +45 2264 0697
Ambu A/S, Baltorpbakken 13, 2750 Ballerup, Denmark, Tel. +45 7225 2000 / CVR no.: 63 64 49 19 / www.Ambu.com
Attachment:
company_announcement_no_12_2021_22.pdf4/8 2022 05:59 Vær-kritisk 2105016 Vildt at reducere forventet salgsvækst fra 14 til 4. Så voldsomt at jeg håber det på sin vis har bragt dem "foran", så de ikke ligesom skal løbe efter udviklingen, men nye og flere og flere nedjusteringer.
I øvrigt, måske jeg har skimmet nyheden for hurtigt men synes ikke jeg noget sted kan læse om en ny emission, som nogle ellers har frygtet. En slags strejf af solskin i en ordentlig tordenskylle.
I øvrigt, måske jeg har skimmet nyheden for hurtigt men synes ikke jeg noget sted kan læse om en ny emission, som nogle ellers har frygtet. En slags strejf af solskin i en ordentlig tordenskylle.
4/8 2022 06:06 ProInvestorNEWS 2105019 Ambu nedjusterer forventningerne efter skuffende juli - GENT
https://www.proinvestor.com/investornyt/860994/ambu-nedjusterer-forventningerne-efter-skuffende-juli-gent
https://www.proinvestor.com/investornyt/860994/ambu-nedjusterer-forventningerne-efter-skuffende-juli-gent
4/8 2022 06:09 ProInvestorNEWS 1105020 Ambu/ABG: Kursmålet sænkes til 80 kr. fra 95 kr.
https://www.proinvestor.com/investornyt/861009/ambu-abg-kursmalet-saenkes-til-80-kr-fra-95-kr
https://www.proinvestor.com/investornyt/861009/ambu-abg-kursmalet-saenkes-til-80-kr-fra-95-kr
4/8 2022 07:05 4105022 Ambu bemærker, at man vi skrue priserne op, så det giver måske en forklaring på, at salgsvæksten rykker sig markant ned. Men at se en aktuel nulvækst i visualisering, overrasker mig, selvom nedgangen den seneste tid, har været betydelig.
Emissionen er ikke nødvendig indtil videre og med det forbehold, at jeg ikke har læst Q3 rapporten endnu. Rent strategisk, giver det ingen mening at tage en emission lige nu, dels med et stærkt negativ nyhedsflow samt dels, at det er unødvendigt Beslutningen bliver formentligt truffet omkring slut oktober/start november, hvis der er behov.
Angående din "forventede" forudsigelse af et shortsquezze af ØU, så ved alle, at det er umuligt, at forudse en tidsmæssigplacering af et squeeze, da den bygger på uforudsete nyheder og begivenheder. Det der er uforudsigeligt, er ofte svært, at forudse før det opstår. Både for dig, mig og ØU og som jeg skrev i andet indlæg, har ØU både afdækket op og ned-muligheden på kursen. Så må læseren jo selv være kritisk og vurdere, hvilket udfald man tror på.
Emissionen er ikke nødvendig indtil videre og med det forbehold, at jeg ikke har læst Q3 rapporten endnu. Rent strategisk, giver det ingen mening at tage en emission lige nu, dels med et stærkt negativ nyhedsflow samt dels, at det er unødvendigt
Beslutningen bliver formentligt truffet omkring slut oktober/start november, hvis der er behov.Angående din "forventede" forudsigelse af et shortsquezze af ØU, så ved alle, at det er umuligt, at forudse en tidsmæssigplacering af et squeeze, da den bygger på uforudsete nyheder og begivenheder. Det der er uforudsigeligt, er ofte svært, at forudse før det opstår. Både for dig, mig og ØU og som jeg skrev i andet indlæg, har ØU både afdækket op og ned-muligheden på kursen. Så må læseren jo selv være kritisk og vurdere, hvilket udfald man tror på.
4/8 2022 08:36 Vær-kritisk 2105027 Om ØU så læste jeg det som en forudsigelse om en short squeeze, og det syntes jeg var overraskende (eller man kan sige optimistisk), eftersom jeg anså aktien som ret højt prissat
4/8 2022 08:50 4105029 Ok. Men en forudsigelse var det i hvert fald ikke. Både iht. overskriften samt logikken i, at ingen kan forudsige et squeeze.
Overskrifterne fra 2 artikler i juli, var således:
"Teknisk: Optræk til kæmpe short squeeze i Ambu, shortfonde i kø ved udgangen?"
og
"Teknisk: Ambu står foran næste afgørende prøve, risiko for test af kurs 50"
Overskrift 1 er afsluttet med et "?" og overskrift 2 er formuleret med "risiko".
Ingen forudsigelser, men analyse af et udfaldsrum. Ret skal være ret.
Overskrifterne fra 2 artikler i juli, var således:
"Teknisk: Optræk til kæmpe short squeeze i Ambu, shortfonde i kø ved udgangen?"
og
"Teknisk: Ambu står foran næste afgørende prøve, risiko for test af kurs 50"
Overskrift 1 er afsluttet med et "?" og overskrift 2 er formuleret med "risiko".
Ingen forudsigelser, men analyse af et udfaldsrum. Ret skal være ret.
4/8 2022 09:02 Vær-kritisk 3105030 I realiteten kan ingen forudsige noget som helst.
Og deres "spørgsmålstegn" spiller lidt for meget ind i hvad mange håber og drømmer om, til at jeg vil kalde den helt uskyldig og klar. Men fair nok. Og i første omgang falder aktien mindre end jeg havde regnet med og det er jo godt for dem der har den.
Hav en god dag derude
Og deres "spørgsmålstegn" spiller lidt for meget ind i hvad mange håber og drømmer om, til at jeg vil kalde den helt uskyldig og klar. Men fair nok. Og i første omgang falder aktien mindre end jeg havde regnet med og det er jo godt for dem der har den.
Hav en god dag derude
4/8 2022 13:09 3105040 Jamen det er jeg helt enig i og det er jo også derfor jeg mente, at ØU ikke skulle skydes noget i skoene, som de skulle stå på mål for, blot fordi deres budskab blev mistolket som en forudsigelse
4/8 2022 11:35 ProInvestorNEWS 2105036 Ambu/Sydbank: Uskøn nedjustering er knyttet til væksthåb
https://www.proinvestor.com/investornyt/861094/ambu-sydbank-uskon-nedjustering-er-knyttet-til-vaeksthab
https://www.proinvestor.com/investornyt/861094/ambu-sydbank-uskon-nedjustering-er-knyttet-til-vaeksthab
5/8 2022 07:29 ProInvestorNEWS 1105065 Ambu/JPMorgan: Sabler kursmålet ned efter nedjustering
https://www.proinvestor.com/investornyt/862059/ambu-jpmorgan-sabler-kursmalet-ned-efter-nedjustering
https://www.proinvestor.com/investornyt/862059/ambu-jpmorgan-sabler-kursmalet-ned-efter-nedjustering
5/8 2022 14:53 DjengisCash 3105078 Så har jeg sgu købt en portion AMBU i kurs 69,98.
Lønsomheden er totalt gået fløjten de sidste par år, så det hele står og falder med, om den nye CEO Britt Meelby får ryddet op i butikken.
Bliver EBIT-marginen over 20 igen, hvad den var i regnskab 17/18, så er aktien rigtig lækker målt på nøgletal. Det skal nok komme til at ske, for hverken marked eller produkter fejler noget.
Lønsomheden er totalt gået fløjten de sidste par år, så det hele står og falder med, om den nye CEO Britt Meelby får ryddet op i butikken.
Bliver EBIT-marginen over 20 igen, hvad den var i regnskab 17/18, så er aktien rigtig lækker målt på nøgletal. Det skal nok komme til at ske, for hverken marked eller produkter fejler noget.
6/8 2022 06:36 Vær-kritisk 3105088 Din sidste sætning, faktisk en god og meget rigtig konstatering. Produktet er der, markedet er der. Ambu har bare haft gang i alt for meget på en gang. Jeg er fristet til at tage en lille forsigtig bid, bare så jeg er med. Jeg vil stadig ikke kalde den billig, så jeg vil godt se tid og udvikling lidt mere an inden jeg virkelig bider til bolle.
Når jeg tænker på hvor hårdt Novo blev straffet for en opjustering, så er jeg overrasket over, at ambu ikke er blevet straffet mere for denne nedjustering, som bare er endnu en i en hel stribe. Den kunne godt falde mere
God weekend
Når jeg tænker på hvor hårdt Novo blev straffet for en opjustering, så er jeg overrasket over, at ambu ikke er blevet straffet mere for denne nedjustering, som bare er endnu en i en hel stribe. Den kunne godt falde mere
God weekend
6/8 2022 09:33 DjengisCash 2105095 Vær-kritisk,
et lille venskabeligt råd, som du vist har fået før: det kan være farligt at vente på flere informationer, der bekræfter at casen er god. Når du har de informationer, så har markedet dem også, og så er prisen bare højere.
God Weekend
et lille venskabeligt råd, som du vist har fået før: det kan være farligt at vente på flere informationer, der bekræfter at casen er god. Når du har de informationer, så har markedet dem også, og så er prisen bare højere.
God Weekend
6/8 2022 09:50 Vær-kritisk 2105096 Tak. Et fint råd, som dog allerede er tatoveret på indersiden i hovedet på mig.
Trods faldet, så synes jeg stadig ikke aktien som sådan er billig. Det er den primære årsag til, at jeg kun tør nippe forsigtigt til den. I øvrigt, jeg bilder ikke mig selv ind, at jeg ved hvornår en aktie har nået toppen eller bunden og af den grund er det meget sjældent at jeg køber/sælger alt på en gang. Jeg køber og sælger næsten altid løbende og i mindre bidder.
Trods faldet, så synes jeg stadig ikke aktien som sådan er billig. Det er den primære årsag til, at jeg kun tør nippe forsigtigt til den. I øvrigt, jeg bilder ikke mig selv ind, at jeg ved hvornår en aktie har nået toppen eller bunden og af den grund er det meget sjældent at jeg køber/sælger alt på en gang. Jeg køber og sælger næsten altid løbende og i mindre bidder.
6/8 2022 10:07 DjengisCash 3105097 Jeg synes heller ikke at aktien er billig, da en succesfuld genopretningsplan er indpriset i nogen grad allerede.
Men vi oplevede i 2018 og 2021, at aktien stak af til astronomiske kursniveauer, sker det igen er upside meget større end downside.
Men AMBU er ikke en aktie jeg vil ligge tungt lastet med. Jeg halverede min Mærsk-position torsdag og det er kun 10 procent af salget, der er genplaceret i AMBU.
Men vi oplevede i 2018 og 2021, at aktien stak af til astronomiske kursniveauer, sker det igen er upside meget større end downside.
Men AMBU er ikke en aktie jeg vil ligge tungt lastet med. Jeg halverede min Mærsk-position torsdag og det er kun 10 procent af salget, der er genplaceret i AMBU.
6/8 2022 10:27 Vær-kritisk 2105098 Det er netop argumentationen for at jeg trods alt har taget en bid, at den pludselig kan stikke helt af.
Vi har på sin vis kørt lidt tandem. Jeg har aktier i 3 tankrederier og torsdag solgte jeg en bid, og byttede på den måde også lidt shipping ud med Ambu.
Vi har på sin vis kørt lidt tandem. Jeg har aktier i 3 tankrederier og torsdag solgte jeg en bid, og byttede på den måde også lidt shipping ud med Ambu.
13/8 2022 08:37 tommycarstensen 3105250 En enkelt grafik med salg pr segment; geografisk og produkt.
13/8 2022 08:41 3105251 Glimrende "visualisering" af udfordringerne for væksten i segmentet visualisering og hvorfor kursen er handlet godt tilbage. Det ligner ikke nogen vækstmotor.
Bliver den udvikling ikke ændret, skal aktiekursen længere ned 70-80.
Bliver den udvikling ikke ændret, skal aktiekursen længere ned 70-80.
13/8 2022 12:17 tommycarstensen 3105256 LLi Jeg tror muligvis vi er nogenlunde enige om kursmaal. Den her figur er nok bedre. Og saa skal foelgende selvfoelgelig naevnes:
"Adjusted for the NHS safety-stock orders, the organic Visualization growth in Europe is 8% in Q2."
"Adjusted for the NHS safety-stock orders, the organic Visualization growth in Europe is 8% in Q2."
13/8 2022 12:34 3105257 Ja, så må alle da være oplyste med 12 md trail, hvor tendensen er endnu mere tydelig.
Bemærker også, at antal solgte enheder i Q3 ramte 400.000 og dermed 10 % under Q2.
Meelby får sin sag med, at genfinde momentum i forretningen.
Spændende aktie og forretningscase, men hvor den lander i fremtiden, spænder meget bredt og nuværende kurs priser forsat en relativ stor optimisme og det efterlader en stor downside.
Ros for alle dine grafer Tommy.
Bemærker også, at antal solgte enheder i Q3 ramte 400.000 og dermed 10 % under Q2.
Meelby får sin sag med, at genfinde momentum i forretningen.
Spændende aktie og forretningscase, men hvor den lander i fremtiden, spænder meget bredt og nuværende kurs priser forsat en relativ stor optimisme og det efterlader en stor downside.
Ros for alle dine grafer Tommy.
