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2025-02-28 Bokslutskommuniké 2024
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2023-05-04 Ordinarie utdelning ELOS B 0.00 SEK
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2023-02-23 Bokslutskommuniké 2022
2022-10-21 Kvartalsrapport 2022-Q3
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2022-05-04 Ordinarie utdelning ELOS B 0.00 SEK
2022-05-03 Årsstämma 2022
2022-04-26 Kvartalsrapport 2022-Q1
2022-02-24 Bokslutskommuniké 2021
2021-12-22 Extra Bolagsstämma 2021
2021-10-20 Kvartalsrapport 2021-Q3
2021-07-16 Kvartalsrapport 2021-Q2
2021-05-04 Ordinarie utdelning ELOS B 1.50 SEK
2021-05-03 Årsstämma 2021
2021-04-28 Kvartalsrapport 2021-Q1
2021-02-24 Bokslutskommuniké 2020
2020-10-20 Kvartalsrapport 2020-Q3
2020-07-16 Kvartalsrapport 2020-Q2
2020-05-05 Kvartalsrapport 2020-Q1
2020-04-22 Ordinarie utdelning ELOS B 0.00 SEK
2020-04-21 Årsstämma 2020
2020-02-18 Bokslutskommuniké 2019
2019-10-24 Kvartalsrapport 2019-Q3
2019-07-18 Kvartalsrapport 2019-Q2
2019-04-24 Ordinarie utdelning ELOS B 1.00 SEK
2019-04-23 Kvartalsrapport 2019-Q1
2019-04-23 Årsstämma 2019
2019-02-18 Bokslutskommuniké 2018
2018-10-25 Kvartalsrapport 2018-Q3
2018-07-19 Kvartalsrapport 2018-Q2
2018-04-25 Ordinarie utdelning ELOS B 0.00 SEK
2018-04-24 Årsstämma 2018
2018-04-24 Kvartalsrapport 2018-Q1
2018-02-19 Bokslutskommuniké 2017
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2017-02-24 Bokslutskommuniké 2016
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2016-08-24 Kvartalsrapport 2016-Q2
2016-04-27 Ordinarie utdelning ELOS B 1.00 SEK
2016-04-26 Kvartalsrapport 2016-Q1
2016-04-26 Årsstämma 2016
2016-02-25 Bokslutskommuniké 2015
2015-10-23 Kvartalsrapport 2015-Q3
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2015-04-28 Bonusutdelning ELOS B 1
2015-04-28 Ordinarie utdelning ELOS B 2.00 SEK
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2014-04-30 Ordinarie utdelning ELOS B 2.00 SEK
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2014-02-21 Bokslutskommuniké 2013
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2013-04-26 Ordinarie utdelning ELOS B 1.00 SEK
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2013-02-22 Bokslutskommuniké 2012
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2012-04-24 Ordinarie utdelning ELOS B 1.50 SEK
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2012-02-24 Bokslutskommuniké 2011
2011-10-26 Kvartalsrapport 2011-Q3
2011-08-18 Kvartalsrapport 2011-Q2
2011-05-04 Ordinarie utdelning ELOS B 1.50 SEK
2011-05-03 Kvartalsrapport 2011-Q1
2011-05-03 Årsstämma 2011
2011-02-25 Bokslutskommuniké 2010
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2010-04-29 Ordinarie utdelning ELOS B 0.00 SEK
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2010-02-25 Bokslutskommuniké 2009
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2009-04-30 Ordinarie utdelning ELOS B 1.50 SEK
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2008-04-29 Ordinarie utdelning ELOS B 1.50 SEK
2007-04-26 Ordinarie utdelning ELOS B 0.50 SEK
2006-04-28 Ordinarie utdelning ELOS B 1.25 SEK
2005-05-20 Split ELOS B 1:2
2005-05-04 Ordinarie utdelning ELOS B 2.50 SEK
2004-04-30 Ordinarie utdelning ELOS B 0.00 SEK
2003-05-07 Ordinarie utdelning ELOS B 0.00 SEK
2002-04-26 Ordinarie utdelning ELOS B 0.00 SEK
2001-04-27 Ordinarie utdelning ELOS B 2.25 SEK
1995-06-15 Split ELOS B 1:2

Beskrivning

LandSverige
ListaMid Cap Stockholm
SektorHälsovård
IndustriMedicinteknik
Elos Medtech är verksamt inom medicinteknik. Bolaget arbetar med forskning och utveckling av produkter och medicintekniska komponenter för dentala- och ortopediska implantat. Verksamheten bedrivs via egna anläggningar runtom Norden, Nordamerika och Asien. Kunderna utgörs huvudsakligen av internationellt verksamma företagskunder. Huvudkontoret ligger i Göteborg.
2020-05-05 08:00:00

A STABLE START TO THE YEAR IN AN UNCERTAIN ENVIRONMENT

January-March 2020
  • Net sales for the first quarter totalled SEK 158.9 (189.9) million, a decrease of 16.3 percent on the same period the year before. After currency translation, the decrease was -18.4 percent.
  • In the first quarter of 2019, inventory of finished products worth SEK 13.3 million was sold to Brüel & Kjær. Excluding this sale, net sales for the period decreased by 10 percent.
  • The operating profit was SEK 11.9 (21.4) million, which represents an operating margin of 7.5 (11.3) percent.
  • Profit after net financial items amounted to SEK 6.6 (20.6) million. A net exchange rate gain of SEK 2.2 (2.4) million had a positive impact on net financial items, which were SEK -5.3 (-0.8) million.
  • The profit after tax was SEK 5.4 (15.3) million.
  • Cash flow from operating activities was SEK 9.0 (9.4) million, and amounted to SEK 2.8 (-13.5) million after investments.
  • Earnings per share were SEK 0.67 (1.90).

CEO JAN WAHLSTRÖM COMMENTS ON Q1

Covid-19 is having an ever increasing impact on society and the level of uncertainty is very high. While being mindful and respectful of this, I am immensely grateful that in 2019 we succeeded in building a solid financial and organizational foundation for Elos Medtech. We entered 2020 and the ongoing global crisis having just posted the Group's strongest earnings to date. The pandemic has highlighted the benefits of our persistent efforts working on cost efficencies and of operating on several continents and across multiple segments. Despite this, we expect a significant decline in sales over the coming six months, particularly in Dental, and that's why we are working to further reduce our costs. As this has been a very different start to the year in which the focus is on the virus outbreak, we have chosen to expand the information provided in this report by adding an additional page where we describe our assessment of the situation and the measures we are taking, see page 4.

Covid-19 will of course have an impact on Elos Medtech but in the first quarter we experienced no major disruptions to sales, and we began the year on a stable footing despite the uncertain global environment. Nevertheless, the downturn for the first half of the year that we forecast in February is expected to have a significant impact on our next quarterly figures.

At SEK 159 million, net sales for the period were in line with the figures for last fall but were significantly lower than in the first quarter of 2019, in which we sold an inventory worth over SEK 13 million to Brüel & Kjær. Our operating profit was SEK 12 million, which is well in line with fall 2019. Earnings are hard to compare with the first quarter of last year due to significant non-recurring items in that period.

We have continued our efforts to streamline production flows and optimize processes in the same spirit as before. At the beginning of the year, our Chinese site was forced to remain closed for 21 days to covid-19, and I am very proud that our employees in China succeeded in handling the long closure without any delivery problems.

My current assessment is that the covid-19 outbreak will have a negative financial impact on the company throughout 2020 and I expect a significant decline in sales in the second and third quarters. We have placed around 200 employees at our production sites on short-term furloughs and are continuously monitoring customer demand to ensure that we are able to return to normal production as soon as the need returns. Based on what we know today, we expect to be able to continue to produce and deliver in line with our customers' requirements.

Certain types of products that we produce are prioritized by local authorities, and we are of course also giving priority to these products. Our Memphis site, for example, has been classified as a priority business by the authorities because of the trauma products that we manufacture. We have also seen a significant increased need for injection-molded components for ventilators from Getinge and have therefore to some extent adapted our production in Life Science to meet this need. Although the products account for a minor part of our overall production, these components play an important role in life-saving treatments and it is therefore crucial to ensure fast and secure delivery.

In other areas we have delayed product launches by our contract-manufacturing customers, and the effects of this will be felt throughout 2020. In view of the uncertain outlook, it is not possible to foresee what long-term impact the pandemic will have on Elos Medtech. We are keeping a close eye on developments to ensure that we are able to make quick and well informed decisions. Our primary focus is on ensuring the health and protecting the jobs of our employees while minimizing the company's financial risk.

Adjusting is about having the right attitude. By taking a flexible approach, we are preparing to meet both reduced and increased demand based on the adjustments that are made in health care as the crisis unfolds.