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Xvivo: Q4 2021 confirms an easing COVID effect and a significant step towards more normal growth - Redeye

The strong recovery of the core Thoracic core business is especially reassuring in our view, with organic growth of 33% in Q4. The Abdominal division continues to deliver near 30% organic growth. Together with improved gross margins for both divisions, the Q4 is distinctly positive in our view. We regard this as a good entry into 2022, a year supported by the US Kidney Assist Transport launch and the Star acquisition, as well as an easing risk of COVID related distractions.

The strong recovery of the core Thoracic core business is especially reassuring in our view, with organic growth of 33% in Q4. The Abdominal division continues to deliver near 30% organic growth. Together with improved gross margins for both divisions, the Q4 is distinctly positive in our view. We regard this as a good entry into 2022, a year supported by the US Kidney Assist Transport launch and the Star acquisition, as well as an easing risk of COVID related distractions.
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