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Ambu

Earnings Release Nov 13, 2014

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Revenue is up 15% at DKK 1,584m with organic growth of 7%. EBIT increased by
23% to DKK 198m. In 2014/15, Ambu expects to generate organic growth of 7-8%
when reported in local currencies and an EBIT margin of approx. 12.5-13%.

“The first year of Ambu’s Climbing New Heights 2017 strategy has gone well, and
we are on track. For the third con-secutive quarter, we have demonstrated
markedly higher growth rates than the market. Concurrently with satisfactory
organic growth, we are growing our earnings to new levels. After a year which
has progressed in line with expectations and a satisfactory finish in Q4, Ambu
is positioned to grow further in 2014/15,” says President & CEO Lars Marcher.

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