LDR Holding: Good sales progression in Q1 despite strong comps

BUY, Fair Value USD38 (+54%)

News published on May Wednesday 11, 2016
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LDR reported Q1 results yesterday evening with sales in line with consensus standing at USD42.4m, up 8.4% and 9.7% on a constant currency basis. Mobi-C sales grew strongly (+29.7%cc) and thus despite strong comps. Other product range which accounted for 59.3% of total group sales decreased slightly as a results of price erosion and increased focus on Mobi-C sales. FY2016 maintained.

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