Achieved record quarterly revenue of MNOK 201.7, up 11.1% year-over-year, with strong currency-neutral growth of 18.5%.
Own product sales grew 28.8% currency-neutral, with all regions contributing; Americas up 30.9%, EMEA up 11.5%, APAC up 57.5%, and China sales up 74.6%.
EBIT margin was 28.3% (EBIT MNOK 57.1), slightly lower than last year due to U.S. tariffs and sales mix.
Dividend of NOK 8 per share (MNOK 146.2) approved.
Direct sales operation established in Japan to strengthen APAC presence and capture distributor margin.
Revenue: MNOK 201.7 (Q1 2026), up 11.1% year-over-year; currency-neutral growth at 18.5%.
EBIT: MNOK 57.1 (Q1 2026), EBIT margin 28.3%; EBITDA: MNOK 63.3, slightly below last year.
Gross margin: 79.6% (Q1 2026), impacted by APAC growth and U.S. tariffs.
Profit after tax: MNOK 40.3; EPS: NOK 2.20.
Cash position strong at MNOK 209.8; equity ratio 74.3%.
Strong growth expected in APAC, especially China and Japan, with direct sales model enhancing margins.
Americas and U.S. expected to remain primary growth drivers.
Focus on expanding direct market coverage, flexible pricing, and growing vascular surgery segment.
Gross margin on own products expected to improve as direct sales increase.
Ongoing investments in R&D and IT infrastructure to support innovation and future growth.
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