The following is a summary of the Ambu A/S (AMBFF) Q2 2024 Earnings Call Transcript:

Financial Performance:

• Ambu A/S reported Q2 organic revenue growth of 15.5%, majorly backed by the endoscopy business which saw a growth of 22.3%.

• Operating profit margin before special items increased notably to 14.2% from 3.9% in the same quarter last year.

• The company delivered strong free cash flow, amounting to DKK128 million for Q2.

• The company's Q2 operating expense was stable at DKK619 million compared to the previous year. Despite investments, the OpEx ratio dropped almost 7 percentage points due to decreased distribution costs.

• Ambu increased their revenue guidance for the full year from 7%-10% to 10%-12% and EBIT margin from 8%-10% to 10%-12%.

Business Progress:

• Ambu gained two FDA approvals for new products in the gastroenterology portfolio and launched a broncosimulator for training in pulmonology.

• Ambu reported solid growth in US and EMEA regions and foresees potential to convert the gastroenterology market to single-use endoscopy.

• A consistent growth was seen in different sectors like anesthesia, patient monitoring, ENT, and urology.

• The company announced continuation of investments for further growth and execution of the 'Zoom in strategy' for increasing EBITDA and improving EBIT margin.

• Ambu has plans to maintain its leadership in the market despite increased competition by focusing on differentiation and sees potential for inorganic growth with careful consideration of mergers and acquisitions.

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