Embla Medical hf: Interim Report Q2 2025

Announcement no. 33/2025

Interim report Q2 2025

22 July 2025

COPENHAGEN, Denmark, July 22, 2025 /PRNewswire/ --

Sveinn Sölvason, President and CEO, comments:

"Sales in Q2 2025 amounted to USD 232 million, representing 7% reported growth, of which 5% was organic. Growth was strong in the Prosthetics & Neuro Orthotics segment, primarily driven by continued momentum in EMEA and supported by solid contribution from our recently launched innovation. Growth in Americas and APAC regions was also good, led by the Prosthetics & Neuro Orthotics segment. In contrast, sales in the Patient Care segment remained flat, while Bracing and Supports experienced a slight decline.

The EBITDA margin was strong at 21% in Q2 2025 and 20% for the first half of the year, compared to 19% (before special items) in the first half of 2024. The margin increase was driven by robust sales in Prosthetics & Neuro Orthotics, solid efficiency in manufacturing, and continued cost discipline in SG&A.

In line with our performance in the first half of the year and expectations for stronger growth in the second half, we are narrowing our full-year guidance for organic sales growth to 5-6% (previously 5-8%). We reiterate our guidance for the EBITDA margin before special items at 20-21%."

Highlights Q2 2025

Sales amounted to USD 232 million and organic growth was 5%, compared to 6% in Q2 2024.

Prosthetics & Neuro Orthotics sales grew by 9% organic, Bracing & Supports (B&S) sales declined by 2% organic and Patient Care sales were flat, compared to 6%, 2% and 9% respectively in Q2 2024.

Gross profit margin was 62%, compared to 64% in Q2 2024. For 1H 2025 the gross profit margin increased to 63% compared to 62% in the same period 2024. The gross profit margin in the quarter was positively impacted from strong performance in Prosthetics & Neuro Orthotics, in addition to efficiency in manufacturing, but the margin was adversely impacted by soft sales in B&S and Patient Care due to lower scale on fixed manufacturing cost, in addition to some impact from US tariffs.

EBITDA was ...