Embla Medical hf (OTCPK:OSSFF)

$ 5.175 0 (0%) Market Cap: 2.10 Bil Enterprise Value: 2.56 Bil PE Ratio: 31.89 PB Ratio: 2.86 GF Score: 81/100

Q1 2019 Ossur hf Earnings Call Transcript

Apr 30, 2019 / 07:00AM GMT

Transcript

Operator

Ladies and gentlemen, welcome to the Ãssur Q1 Results 2019 Conference Call. Today, I'm pleased to present Mr. JÃ³n Sigurdsson, President and CEO; and Mr. Sveinn SÃ¶lvason, CFO. (Operator Instructions) Speakers, please begin.

JÃ³n Sigurdsson;ssur hf.;CEO;President

&

Thank you. I would like to welcome you to the Ãssur investor conference call where we will cover the results for the first quarter of 2019.

As previously mentioned, my name is JÃ³n Sigurdsson and I'm the President and CEO, and with me here today is Sveinn SÃ¶lvason, the CFO.

We will begin by going through the highlights of the quarter and then end with our guidance for 2019 followed by a question-and-answer session.

Sales in the first quarter of the year amounted to $160 million, corresponding to 19% growth in local currency, 8% organic growth and 13% reported growth in U.S. dollars. The prosthetics segment grew 10% organic and the bracing and supports segment grew 5%. EBITDA grew 51% and amounted to $30 million or 19

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