Today’s news / Ambu stock soars after forecast hike
Britt Meelby Jensen is at the helm of the company Ambu, which is seeing a significant rise on the stock exchange on Friday. (Archive photo). Photo: Søren Bidstrup/Ritzau Scanpix

Ambu stock soars after forecast hike

Shares of Danish medical equipment manufacturer Ambu rose sharply by over 13 percent following its upward revised growth expectations announced on Thursday evening. The company increased its organic growth projections for the current fiscal year, ending in September, from the previous range of 10-13 percent to a new range of 11-14 percent. The adjustment is attributed to better-than-expected performance in anesthesia and patient monitoring, as well as continued strong endoscope sales used for diagnostic examinations in various areas including the gastrointestinal tract and respiratory system. For the first quarter, Ambu reported a revenue of approximately 1.5 billion Danish kroner, which represents an isolated organic growth of 19.5 percent. Founded in 1937 by engineer Holger Hesse, and known for inventing a single-use resuscitation bag in 1956, Ambu was later listed on the Copenhagen stock exchange in 1992.