Bactiguard’s Q4 net sales of SEK 61m were 6% above SEB (total revenues showed a beat of 17%) with organic net sales growth of 27% y/y in the quarter. BD revenues beat expectations whilst BIP product sales came in below SEBe. Q4 adj. EBITDA was largely in line with our estimate coming in at SEK -1.1m (SEB at SEK -1.7m). Bactiguard’s financial targets remain. Rather undramatic report overall.
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