AddLife AB (OTCPK:ADDLF)

$ 42 0 (0%) Market Cap: 1.51 Bil Enterprise Value: 1.98 Bil PE Ratio: 141.34 PB Ratio: 3.26 GF Score: 72/100

Half Year 2024 AddLife AB Earnings Call Transcript

Jul 15, 2024 / 07:00AM GMT

Release Date Price: $42

Transcript

Fredrik Dalborg

AddLife AB - President, Chief Executive Officer

Good morning, everyone, and welcome to the AddLife second quarter report. We will start with the presentation and then followed by a Q&A session. And after that, I strongly encourage you to stay on for a few more minutes to see a very good video describing the business we have in Eastern Europe, the Biomedica business. So let's get going and talk about the quarter.

In the second quarter, we had really good growth and continued profitability improvement. The growth was 8% or 7% currency adjusted and organic. EBITDA increased by 21%. And we're really starting to see profitability improvement initiatives starting to show clear results in the numbers. Really pleased to note the fact that both business areas are performing really well.

In the quarter, Labtech grew nicely. And you may remember in the last quarter that we had a bit of a weakness at the end, we were pretty confident that that was going to recover and it sure did. And the business also delivers stable margins. Medtech also grew really well. And here we see a

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