Embla Medical hf (OCSE:EMBLA)

kr 35.3 0.4 (1.15%) Market Cap: 15.07 Bil Enterprise Value: 18.32 Bil PE Ratio: 31.89 PB Ratio: 2.85 GF Score: 71/100

Q2 2019 Ossur hf Earnings Call Transcript

Jul 25, 2019 / 07:00AM GMT

Release Date Price: kr45.95 (+5.88%)

Transcript

Operator

Ladies and gentlemen, welcome to Ãssur Q2 Results 2019. Today, I am pleased to present Mr. JÃ³n Sigurdsson, President and CEO; and Mr. Sveinn SÃ¶lvason, CFO. (Operator Instructions) Mr. Sigurdsson and Mr. SÃ¶lvason, please begin.

JÃ³n Sigurdsson;ssur hf.;CEO;President

&

Yes. Thank you very much. I would like to welcome you to the Ãssur investor conference call where we will cover the results for the 2nd quarter of 2019. My name is JÃ³n Sigurdsson, and I'm the President and CEO. And with me here today is Sveinn SÃ¶lvason, our CFO. We will begin by going through the highlights of the quarter and with our guidance for 2019. A question-and-answer session will then follow.

Sales in the first quarter of the year amounted to $179 million corresponding to 18% growth in local currency, 7% organic growth in 13% reported growth in US dollars. In the first half of the year, local currency growth amounted to 19% and organic growth was 7%. EBITDA grew by 33% in the quarter and amounted to $42 million or 24% of

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