Medacta Group SA / CH0468525222
24.07.2024 - 19:00:14Medacta Group SA: Medacta Group SA revenues grew 14.3% at constant currency in 1H 2024
Medacta Group SA / Key word(s): Sales Result 24-Jul-2024 / 19:00 CET/CEST Release of an ad hoc announcement pursuant to Art. 53 LR The issuer is solely responsible for the content of this announcement. Press Release – Ad-hoc announcement pursuant to Art. 53 LR Medacta Group SA revenues grew 14.3% at constant currency1 in 1H 2024 1H 2024 revenue increased to Euro 288.6 million, or 14.3% c.c.1 (13.1% reported) from 1H 2023; Strongest growth occurred in EMEA (+16.6% c.c.), with continuous progress in APAC (+12.6%) and North America (+11.1%); Excellent performance in Knee (+18.6% c.c.) and Shoulder (+39.6% c.c.). Solid contributions from the other business lines; Focus on Medical Education through scientific events hosted during 25th Anniversary World Tour; Continued strengthening of the supply chain through industrial facility expansion. CASTEL SAN PIETRO, 24 July 2024 – Medacta Group SA (“Medacta”, SIX:MOVE) announces today the first semester 2024 preliminary unaudited revenue. In the first semester 2024 Medacta delivered robust organic growth, progressing with the acquisition of new customers across all geographies and business lines. Francesco Siccardi, CEO of Medacta, commented: “This is a special year for Medacta. We are celebrating our 25th Anniversary with a World Tour featuring a series of scientific events, underscoring our commitment to sustainable innovation aimed at enhancing care, outcomes, and patient well-being. The excellent performance recorded in this semester (+14.3%) is even more relevant if we consider the extraordinary growth reached in 1H 2023 (+21.4%). This result confirms, once again, our ability to continuously outperform the orthopedic market.” The Medacta 25th Anniversary celebration included the successful 10th M.O.R.E. International Symposium held in Switzerland, in April, followed by a World Tour hosting a series of global scientific events in Australia and the US. These events brought together renowned experts to share knowledge with other surgeons about the sustainability of personalized medicine, and our latest technological innovations in orthopedics and spine surgery. For Knee, there has been a particular focus on Kinematic Alignment (KA), a personalized and innovative technique intended to increase patient satisfaction, together with the initial results of GMK SpheriKA, the world’s first implant specifically designed for this technique. Supply chain remains a key factor to sustain the continued solid growth of the company and the expansion of our facilities in Switzerland is progressing as planned. Revenue by geography Positive performance was recorded in every market headed by strong growth in EMEA, along with continuous progress in North America and APAC. In every region the increase was sustained by a continued expansion of our salesforce and customer base, together with some new products introduction, particularly in the Knee business line through GMK SpheriKA. Below we report the 1H 2024 sales break-down by geographic area:
Disclaimer This press release has been prepared by Medacta Group SA ('Medacta' and together with its subsidiaries, 'we', 'us' or the 'Group'). The information contained in the press release does not purport to be comprehensive and is not to be taken as containing any securities advice, recommendation, offer or invitation to subscribe for, purchase or redeem any securities regarding Medacta. Forward-looking information This press release has been prepared by Medacta and includes forward-looking information and statements concerning the outlook for its business. These statements are based on current expectations, estimates and projections about the factors that may affect its future performance. These expectations, estimates and projections are generally identifiable by statements containing words such as 'expects', 'believes', 'estimates', 'targets', 'plans', 'outlook' or similar expressions. Although Medacta believes that its expectations reflected in any such forward-looking statement are based upon reasonable assumptions, it can give no assurance that those expectations will be achieved. 1 Alternative Performance Measures This press release contains certain information that it refers to as “constant currency” or c.c., which is a non-IFRS financial measure and represents the total change between periods excluding the effect of changes in foreign currency exchange rates. The Group believes that the reconciliations of changes in constant currency provide useful supplementary information to investors in light of fluctuations in foreign currency exchange rates. Furthermore, the Group believes that constant currency measures provide additional useful information on the Group’s operational performance and is consistent with how the business performance is measured internally. Definitions of Alternative Performance Measures and reconciliations between such measures and their IFRS counterparts may be found on the financial reports available on our website at: https://www.medacta.com/EN/financial-reports-and-presentations Related Trademarks Medacta Group Related Trademarks are registered at least in Switzerland. The products and services listed below may not be all-inclusive, and other Medacta products and services not listed below may be covered by one or more trademarks. The below products and services may be covered by additional trademarks not listed below. Note that Swiss trademarks may have foreign counterparts. MyShoulder®, NextAR™, GMK SpheriKA®, MyKA™, AMIS®, MySpine® Additional features: File: Medacta Group SA revenues grew 14.3% at constant currency in 1H 2024Press Release 1H24 top-line figures End of Inside Information |
Language: | English |
Company: | Medacta Group SA |
Strada Regina | |
6874 Castel San Pietro | |
Switzerland | |
Phone: | +41 91 696 6060 |
E-mail: | info@medacta.ch |
Internet: | www.medacta.com |
ISIN: | CH0468525222 |
Listed: | SIX Swiss Exchange |
EQS News ID: | 1953201 |
End of Announcement | EQS News Service |
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