Report
Maria Vara

BICO: Q1 miss highlights near-term headwinds, placing under review

BICO’s Q1 2025 results underscore the early benefits of strategic streamlining under the BICO 2.0 plan: the gross margin improved to 54.0% (44.5%) despite a 17% YoY decline in revenues to SEK389m, coming 4% below CSS, reflecting a better product mix and enhanced cost discipline. Cash flow from oper
Underlying
Cellink AB

Cellink AB. Cellink AB is a Sweden-based company, which is primarily involved in the healthcare industry. The Company operates as a provider of advanced bioprinting solutions for healthcare sector. The Company offers 3D bioprinting of human tissues and organs. The Company's technology facilitates the biofabrication of cell-laden anatomical structures with controlled cell density and homogenous distribution of viable cells. The cell-laden bioink structures are then cultured in vitro, under controlled conditions for a wide range of experiments. In addition, bioprinting with human cells can be combined with computer-aided design (CAD) and computer-aided manufacturing (CAM) using medical images from CT or MRI scans to create a blueprint (3D model) for bioprinting of patient-specific tissues and organs.

Provider
Bryan Garnier
Bryan Garnier

Since 1996, Bryan, Garnier & Co has been growing with an absolute conviction that the investment banking landscape would experience a major revolution: most of the large local generalist banking groups will disappear to the benefit of a handful of global powerhouses, and an emerging group of independent, highly specialised boutique investment banks.

Analysts
Maria Vara

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