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Ambu (AMBU) investor relations material
Ambu Q3 25/26 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Organic revenue grew 10.3% year-over-year in Q3 2025/26, led by 16% growth in Endoscopy Solutions and strong innovation in Respiratory and Urology, with market share gains across all endoscopy areas.
EBIT margin improved to 13.5%, supported by operating leverage and tariff refunds, despite increased commercial investments.
Endoscopy Solutions now represents 64% of total revenue, with A&PM at 36%.
Free cash flow before acquisitions rose to DKK 154m, with cash conversion at 48%.
Strategic launches included SureSight Mobile, EndoIntelligence platform, and expansion of the Recircle recycling program.
Financial highlights
Q3 revenue reached DKK 1,640m, with reported growth of 8.8% due to FX headwinds.
Gross margin improved by 0.6 percentage points year-over-year to 59.5%.
EBIT of DKK 221m, up from DKK 170m year-over-year; net profit DKK 156m.
Cash flow from operating activities was DKK 331m; cash and cash equivalents at period end DKK 705m.
OPEX ratio improved to 46.0% and ROIC at 9%.
Outlook and guidance
Organic revenue growth guidance for FY 2025/26 updated to around 10%, with Endoscopy Solutions expected to maintain over 15% growth.
EBIT margin guidance maintained at 12%-14%, expected at the high end due to tariff refunds.
Cash conversion for the full year expected above 40%.
- Endoscopy Solutions drove growth as guidance narrowed and share buyback expanded to DKK 450m.AMBU
Q2 25/26 - Q1 saw 8.6% organic revenue growth and 10.5% EBIT margin, led by Endoscopy Solutions.AMBU
Q1 25/26 - Leading single-use endoscopy with 60%+ share, targeting double-digit growth and margin expansion.AMBU
SEB Nordic Seminar presentation - Double-digit growth and innovation drive global endoscopy leadership ambitions.AMBU
44th Annual J.P. Morgan Healthcare Conference - Strategy targets 11%-13% organic revenue CAGR and >20% EBIT margin by 2029/2030.AMBU
CMD 2025 - Strong growth and profitability, with robust outlook despite GI impairment.AMBU
Q4 23/24 - 15% organic growth, margin expansion, and upgraded guidance highlight strong Q3 performance.AMBU
Q3 23/24 - Raised guidance after strong Q1; endoscopy leads growth with new launches and operational gains.AMBU
43rd Annual J.P. Morgan Healthcare Conference 2025 - Q1 2024/25 saw 19.5% organic growth, margin expansion, and upgraded guidance.AMBU
Q1 24/25
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