Embla Medical hf (OTCPK:OSSUY)

$ 9 4.5 (100%) Market Cap: 1.78 Bil Enterprise Value: 2.28 Bil PE Ratio: 66.67 PB Ratio: 4.95 GF Score: 79/100

Full Year 2019 Ossur hf Guidance Call Transcript

Jan 14, 2020 / 02:00PM GMT

Release Date Price: $7

Transcript

JÃ³n Sigurdsson;ssur hf.;CEO;President

&

Yes, thank you and good afternoon. Thank you for joining, all, us on this conference call where we will cover the revised guidance for 2019 based on the preliminary figures for the fourth quarter of 2019.

My name is JÃ³n Sigurdsson. And with me here today is Sveinn SÃ¶lvason, our CFO. We will begin with a short overview, after which we will have a question-and-answer session.

We are today revising our financial guiding for the full year of 2019 due to the lower-than-expected prosthetics sales in the fourth quarter. Preliminary results suggest that sales in the fourth quarter of 2019 amounted to $180 million, corresponding to 1% organic growth and 10% local currency growth. Sales for the full year of 2019 therefore amounted to $686 million, corresponding to 5% organic growth and 16% local currency growth.

EBITDA before special items for the fourth quarter of 2019 amounted to $37 million or 21% of sales. EBITDA before special items for the full year 2019 amounted to $150 million or 22

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