Ambu A/S reported earnings results for the first quarter of 2019. For the quarter, the company reported revenue of DKK 656 million against DKK 553 million was posted for first quarter, representing growth of 15% in local currencies and 19% in Danish kroner. The difference between the organic growth when measured in local currencies and growth when measured in Danish kroner is due to the strengthened USD/DKK exchange rate as well as the recognition of the GPO fees in accordance with the accounting standard relative to the same quarter last year. EBIT was DKK 112 million against DKK 91 million a year ago.

The outlook for the financial year announced in the annual report for 2017/18 on 13 November 2018 is maintained: EBIT margin of approx. 22 to 24%.

Company also maintain ambitious outlook for 2019/'20. Here company expects an EBIT margin target of 26% to 28%.