Achieved record first half and second-best quarter ever for sales and EBIT, with H1 2025 revenue up 25.8% and Q2 revenue up 16.7% year-over-year.
Operating profit (EBIT) for H1 rose 54.5% to MNOK 113.3, with a 32.3% EBIT margin; Q2 EBIT up 31.2% to MNOK 54.1.
Strongest growth in the AMERICAS and APAC, driven by capital device placements, expanded sales force, and own product sales.
Launched new software platform Intui for the cardiac segment, supporting higher unit prices and margin improvement.
Paid a dividend of NOK 6 per share, totaling MNOK 109.6, in May 2025.
H1 2025 revenue: MNOK 350.6 (+25.8% YoY); Q2 2025 revenue: MNOK 169.1 (+16.7% YoY).
H1 2025 EBIT: MNOK 113.3 (+54.5% YoY); Q2 2025 EBIT: MNOK 54.1 (+31.2% YoY); EBIT margin: 32.3%.
H1 2025 net profit: MNOK 86.4 (H1 2024: MNOK 59.1); Q2 2025 net profit: MNOK 43.0 (Q2 2024: MNOK 34.7).
Gross margin improved to 82.5% in H1 2025 and 81.9% in Q2.
Earnings per share for H1 2025: NOK 4.73 (H1 2024: NOK 3.23).
Positive margin trend expected to persist, supported by strong sales and new product launches.
Price increases from the Intui software launch expected to impact results in the second half.
Inventory levels expected to decrease as supply chain issues are resolved and sales draw from existing stock.
Ongoing PATENT clinical trial to increase costs in coming quarters (total estimated NOK 25 million over three years).
Continued focus on organic growth, direct market expansion, and product innovation.
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