BioGaia AB (OTCPK:BIOGY)
$ 11.5 0.5 (4.55%) Market Cap: 1.16 Bil Enterprise Value: 1.06 Bil PE Ratio: 28.87 PB Ratio: 7.38 GF Score: 98/100

Q2 2023 Biogaia AB Earnings Call Transcript

Jul 21, 2023 / 07:30AM GMT
Release Date Price: $9.82
Operator

Welcome to BioGaia Q2 Conference Call for 2023. (Operator Instructions) Now I will hand the conference over to CEO, Isabelle Ducellier. Please go ahead.

Isabelle Valerie Ghislaine Ducellier;publ;CEO;President
BioGaia AB

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Thank you, and good morning, everybody, for this interim management statement Q2 2023. So as an executive summary, just to point out the -- outline the main results in terms of sales we have SEK 315 million for the quarter 2. We can show a growth of 9%, 2% being organic and the rest currency effect driven by a strong growth in Americas, a slight decrease in Europe and relative growth in APAC, and I will come back to that later. Regarding the EBIT, it's a bit under the -- last year at minus 6% at SEK 95 million, but we maintained an EBIT margin of 30%.

Starting with the key events. I would like to emphasize on the third press release we published on the 5th of July informing the market about a very interesting clinical study. We've been running with Orebro University here in Sweden

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