Medartis: US and EMEA sales ramp up but FY guidance downgraded
In H1 2024, the company reported underlying sales growth of 13.1% (CER), with total growth including third-party manufacturing at 10.8% CER, resulting in net sales of CHF 111.5m (CHF 103.3m). The US market led with a YoY growth of 20.6%, followed by EMEA at 17.8%, while growth in APAC and LATAM wasMedartis Holding AG is a Switzerland-based holding company of the Medartis Group, which is engaged in manufacturing medical devices and implants. The Group develops, manufactures and distributes to surgeons, hospitals and medical centers titanium screws, plates, surgical instruments and system solutions for internal fracture fixation. Medartis AG, the Company's wholly-owned subsidiary, has developed such technologies as TriLock for locking the screw into the plate, SpeedTip, a screw that does not require pre-drilling, and HexaDrive self-holding screw and screw-driver. It has two product lines. The APTUS product line comprises upper and lower extremities products for hand, wrist, elbow, shoulder and foot fixation. The MODUS line combines products dedicated to cranio-maxillofacial (CMF) surgery. The Group's products are sold globally in more than 30 countries, including Germany and the United States, either directly through its sales subsidiaries, or through third-party distributors.
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