Vimian Group AB (FRA:0V0)
€ 3.615 -0.055 (-1.5%) Market Cap: 1.91 Bil Enterprise Value: 2.12 Bil PE Ratio: 709.02 PB Ratio: 2.98 GF Score: 60/100

Q2 2023 Vimian Group AB Earnings Call Transcript

Aug 17, 2023 / 07:00AM GMT
Release Date Price: €2.07 (-13.03%)
Operator

Welcome to the Vimian Group Q2 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;Interim CEO
Vimian Group AB

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Good morning, everyone. Welcome to Vimian Second Quarter Earnings Call. I'm Fredrik Ullman, CEO. And with me today, our CFO, Carl-Johan Zetterberg.

So today, we present another quarter with strong organic growth of 14% and positive momentum across all segments. And our EBIT margin, operating profit grew by 28%. We delivered EUR 81.3 million in revenue and grew adjusted EBITA by 15%, reaching EUR 20.3 million.

I'm especially proud to see how the team in Diagnostics have navigated the past year's headwinds in COVID, and we delivered double-digit growth, thanks to strong sales execution on the ground and innovation. We strengthened our underlying cash flow from operations and continuously strived to improve performance with the aim to deliver margin

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