Q1 2023 Vimian Group AB Earnings Call Transcript

May 04, 2023 / 07:00AM GMT

Transcript

Operator

This call is being recorded. Welcome to the Vimian Group Q1 Report 2023. (Operator Instructions)

Now I will hand the conference over to the speakers. CEO, Fredrik Ullman; and CFO, Carl-Johan Zetterberg Boudrie. Please go ahead.

Fredrik Ullman;publ;CEO

Vimian Group AB

()-

Good morning, and welcome to Vimian's First Quarter Earnings Call in 2023. I'm Fredrik Ullman, CEO, and with me here today on the call Carl-Johan Zetterberg Boudrie. I'll jump in to the first quarter highlights right away. So I'm very pleased to present a strong quarter for Vimian and a positive start to 2023 in all 4 segments.

Our effort to reiterate organic growth were successful, and we delivered a 30% total growth, of which 13% organic in total and 16% in companion animals. As we've stated, we have (inaudible) program in MedTech. And if we compensate for that, the growth in companion animals was still double-digit. We delivered EUR 88.1 million in sales with an adjusted EBITDA margin 29.6%, which is a sequential strong increase.

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