Medistim ASA - health technology for the operating room

Q4 and 2022 results out

"Another record quarter ending at MNOK 141.8 in sales (MNOK 112.7). Full year revenue at MNOK 491.9 (MNOK 427.3) is also a new record, up 15.1 %.

Sales growth is driven by all major geographical regions. Currency neutral sales increase by 21.6 % for the quarter and 11.9 % for the year.

Currency neutral sales of own products increase 24.6 % for the quarter and 14.0 % for the year.

The Vascular business segment grows at 8.8 % for the quarter and 27.3 % for the year.

The Imaging products grows at 33.5 % for the quarter and 44.0 % for the year.

Operating profit (EBIT) for the quarter ended at MNOK 36.5 (MNOK 19.5), with an EBIT margin of 25.7 % (17.3 %). For the year, EBIT ended at MNOK 141.3 (MNOK 116.3), with an EBIT margin of 28.7 % (27.6 %).

The board suggests a dividend of NOK 4.5 (NOK 3.75) per share to the General meeting, a total dividend payout of MNOK 82.1."

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