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  • News
  • Press release
29 Mar 2021

Coloplast awarded Ostomy Products contract with Vizient

Coloplast, a global medical device company and market leader in intimate healthcare, has been awarded a contract for ostomy products with Vizient, Inc., the largest healthcare performance improvement company in the US.

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“I am excited about the agreement with Vizient and the potential it holds for our company, for Vizient members and for the many people living with an ostomy in the US. This agreement will strengthen our presence across hospitals and other healthcare organizations and enable us to provide our products and services to more and more users in the US,” says President & CEO of Coloplast, Kristian Villumsen.

The new agreement allows Vizient members access with contracted pricing to Coloplast’s full portfolio of ostomy products, including ostomy pouches and supporting products.

“We are delighted that Vizient has added us to their Ostomy Products portfolio. Vizient helps their members deliver high-value care to improve patient outcomes, and as a global market leader in intimate healthcare, we look forward to supporting that mission,” says Senior Vice President Manu Varma, Chronic Care North America, Coloplast.

The agreement is effective beginning July 1, 2021. As part of the contract, SenSura® Mio Baby & Kids, products developed by Coloplast for neonates, children and teenagers, will be included in Vizient’s Preferred Pediatric Program.

Vizient serves more than half of the healthcare organizations across the country – from large integrated delivery networks and academic medical centers to community hospitals, children’s hospitals and non-acute care providers.


About Coloplast ostomy products

Coloplast’s range of innovative ostomy products is designed to reduce leakage and maintain healthy skin. With the SenSura® Mio portfolio and BodyFit Technology, Coloplast has taken fit, flexibility, and comfort to a new level, creating a portfolio of innovative ostomy solutions that reduce the burden of leakage and enable users to live the life they want to lead.

In addition to product solutions, Coloplast has developed Coloplast® Care, the only manufacturer-provided patient support program with better patient outcomes supported by peer-reviewed data. Coloplast Care provides ostomy users access to product and lifestyle education and tools for self-assessment and individualized support from Care Advisors. Coloplast Care provides reliable information so ostomy users can better manage their care and experience a full life.


About Coloplast

Danish medical device company, Coloplast, develops products and services designed to make life easier for people with intimate health conditions. Coloplast listens to end-users to better understand their needs and responds by bringing the best ideas to market in the form of medical devices and service solutions.

Learn more about Vizient Inc: http://www.vizientinc.com/

 

CONTACTS

Dennis Kaysen,
Senior Director, Corporate Communications
+45 49 11 26 08
dkdk@coloplast.com

Ellen Bjurgert
Vice President, Investor Relations
+45 49 11 33 76
dkebj@coloplast.com

 

 

  • News
  • Press release
2 Feb 2021

Coloplast delivers a good start to the year with 5% organic growth in Q1 and maintains its financial guidance for 2020/21

Coloplast delivered 5% organic growth, and EBIT increased by 4% to DKK 1,536m, corresponding to an EBIT margin of 32%, in the first quarter of the 2020/21 financial year. The company maintains its financial guidance for 2020/21.

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Coloplast delivered 5% organic revenue growth in the first three months of the 2020/21 financial year. EBIT amounted to DKK 1,536m, a 4% increase, corresponding to an EBIT-margin of 32% against 31% last year.

“Our priorities have been clear throughout the pandemic. We want to keep our employees safe, while continuing to serve our customers, who rely on our products and services to manage their conditions. I am proud of the work that is being done by our many teams across the world to make sure that we continue business operations and continue to support our customers,” says Coloplast CEO Kristian Villumsen and continues:

“Despite the COVID-19 outbreak, we deliver a solid set of results in Q1. We continue to deliver organic growth across all geographical regions and business areas, which means that more and more people with personal medical conditions are getting the help and support they need to lead better lives.”

“I would like to highlight our solid performance in the US as well as our strong momentum in Emerging Markets, particularly driven by growth in China, Latin America and tender deliveries in Russia. Also, our Interventional Urology business delivered a good quarter driven by the Men’s Health portfolio in the US, which returned to growth as elective procedures continued to recover during the quarter.”

Organic growth rates by business area were 6% in Ostomy Care, 6% in Continence Care, 5% in Interventional Urology, and 1% in Wound & Skin Care. Wound Care in isolation delivered 5% organic growth driven by Europe and a return to growth in China. The recently launched Biatain® Fiber portfolio contributed positively to growth, driven by France and Germany.

Looking at sales by geography, the European markets contributed with 2% growth, Other developed markets delivered 7% revenue growth, while Emerging Markets provided a 16% increase. Growth in Europe continues to be negatively impacted by the COVID-19 outbreak due to lower growth in new patients, particularly in the UK Chronic Care business.

While Coloplast delivered 5% organic growth, reported growth in Danish kroner was up by 1% to DKK 4,738m. Reported revenue was, as expected, adversely affected by the depreciation of USD, GBP, and several emerging markets currencies, especially ARS and BRL.

ROIC after tax and before special items was 44% against 47% in the same period last year impacted by the acquisition of Nine Continents Medical in November 2020.
 


The COVID-19 pandemic

Coloplast continues to monitor developments closely across all markets and continues to take all necessary precautionary measures to comply with and support local, national, and global guidelines from healthcare authorities.

The company’s global manufacturing sites are operating at normal capacity in terms of production and supply chain, and the company continues to fully meet customer demand.

Coloplast continues to invest in innovation and growth

Coloplast continues to move forward with its new corporate strategy “Strive25 – Sustainable Growth Leadership” and yearly invest up to 2% of revenue in innovation and commercial initiatives to drive growth. So far this financial year, the company has invested in sales and marketing activities in Asia, consumer and digital initiatives, innovation, and Interventional Urology.

Financial guidance for 2020/21

In line with its long-term guidance Coloplast continues to guide for 7-8% organic revenue growth and a reported growth in DKK of 4-5%.

Coloplast continues to expect a reported EBIT margin in DKK of 31-32%. The guidance reflects additional incremental investments and continued prudent cost management.

Capital expenditure is still expected to be DKK ~1.1bn. The effective tax rate is still expected to be ~23%.

 

CONTACTS

Peter Mønster

Senior Media Relations Manager, Corporate Communications

+45 49 11 26 23

dkpete@coloplast.com

 

Ellen Bjurgert

Vice President, Investor Relations

+45 49 11 33 76

dkebj@coloplast.com

 

Financial highlights and key ratios

 DKKm 

2020/21 – Q1  

2019/20 – Q1  

Change 

Revenue

4,738

4,712

5%

EBIT

1,536

1,472

4%

EBIT margin

32%

31%

1%-pts

Net profit for the period

1,136

1,092

4%

 

Sales performance by business area

DKKm 

2020/21 - Q1 

2019/20 - Q1 

Organic growth 

Reported growth 

Ostomy Care

1,932

1,907

6%

1%

Continence Care

1,705

1,686

6%

1%

Interventional Urology

536

535

5%

0%

Wound & Skin Care

565

584

1%

-3%

Net revenue 

4,738

4,712 

5% 

1% 

 


Sales performance by region

DKKm

2021/21 – Q1

2019/20 – Q1

Organic growth

Reported growth

European markets

2,737

2,744

2%

0%

Other developed markets

1,174

1,178

7%

0%

Emerging Markets

827

790

16%

5%

Net revenue

4,738

4,712

5%

1%

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