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Bactiguard: Sales beat driven by BD recovery - SEB

Bactiguard’s Q4 net sales of SEK 56m were 18% above SEB with organic net sales decline of 9% y/y in the quarter. BD revenues clearly beat expectations whilst BIP product sales came in slightly above SEB. Q4 adj. EBITDA was SEK -4.2m (SEB at SEK -7.8m). Cost of raw materials and consumables were higher while opex items were overall in line. Bactiguard’s financial targets remain. A clear improvement for Bactiguard compared to recent quarters.

Bactiguard’s Q4 net sales of SEK 56m were 18% above SEB with organic net sales decline of 9% y/y in the quarter. BD revenues clearly beat expectations whilst BIP product sales came in slightly above SEB. Q4 adj. EBITDA was SEK -4.2m (SEB at SEK -7.8m). Cost of raw materials and consumables were higher while opex items were overall in line. Bactiguard’s financial targets remain. A clear improvement for Bactiguard compared to recent quarters.
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