Coloplast divests core Skin Care product portfolio
December 04 2024 - 7:01AM
UK Regulatory
Coloplast divests core Skin Care product portfolio
The divestment is part of a strategic initiative to
simplify business operations and improve profitability in the
Advanced Wound Care business area.
Revenue from the core Skin Care business amounted to around DKK
400 million in FY 2023/24, with an operating profitability level
significantly below the group EBIT margin.
Coloplast’s FY 2024/25 financial guidance1 of organic
revenue growth at 8-9% and an EBIT margin before special items of
around 28% is unchanged and already includes the divestment. This
simplification of the portfolio will benefit the operating
profitability of Advanced Wound Care and accounts for the majority
of the around 30 basis points positive impact on the group EBIT
margin as highlighted in the FY 2023/24 earnings
release1.
The divestment will reduce reported revenue for FY 2024/25 with
around DKK 350 million, or around -1.5%-points impact on reported
revenue growth.
One-off items related to the divestment are included in the FY
2024/25 special items expectations of DKK 130 million.
The transaction has been signed and completed on 3 December
2024. Specific terms of the transaction have not been
disclosed.
1) More information about Coloplast’s FY 2024/25 financial
guidance here: FY 2023/24 Earnings release
Contacts
Investors and analysts
Anders Lonning-Skovgaard
Executive Vice President, CFO
Tel. +45 4911 1111
Aleksandra Dimovska
Vice President, Investor Relations
+45 4911 2458
dkadim@coloplast.com
Press and media:
Peter Mønster
Sr. Media Relations Manager
+45 4911 2623
dkpete@coloplast.com
- Coloplast_Skin_care_press_release_EN
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