bullish
Terumo Corp (4543 JP): H1FY23 Results Reflect Continued Recovery from the Pandemic
375 Views14 Dec 2022 18:40
SUMMARY
- Terumo Corp (4543 JP) recorded double-digit revenue growth in H1FY23, with record-high Q2 revenue exceeding ¥200 billion. All three businesses of Terumo reported growth during H1FY23.
- Cardiac and vascular segment remained the key growth driver and grew 21%, driven by a 24% y/y growth in overseas revenue amid the recovery and growth of medical demand.
- Inflation and normalization of sales and marketing activities impacted the profitability of the company. To improve profitability Terumo has taken further price increase in second half.
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Rising
Tina Banerjee
Global Healthcare Analyst
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