Coloplast A/S announced unaudited consolidated earnings results for the first quarter ended December 31, 2014. For the quarter, the company reported revenue of DKK 3,301 million compared to DKK 3,063 million a year ago. Operating profit was DKK 1,076 million compared to DKK 1,013 million a year ago. Profit before tax was DKK 1,048 million compared to DKK 1,040 million a year ago. Net profit for the period was DKK 797 million compared to DKK 780 million a year ago. Diluted EPS was DKK 3.74 compared to DKK 3.63 a year ago. Cash flows from operating activities were DKK 646 million compared to DKK 602 million a year ago. Investments in property, plant and equipment under construction were DKK 136 million compared to DKK 107 million a year ago. The free cash flow amounted to DKK 915 million, a DKK 533 million increase on the same period of last year. EBITDA was DKK 1,194 million compared to DKK 1,119 million a year ago. Return on equity was 55% compared to 49% a year ago.

For the year 2014/15, the company expects revenue growth of 8-9% against the previous guidance of 9% at constant exchange rates and 12-13% against previously 11% in DKK. The company continue to expect the EBIT margin to be about 34%, both at constant exchange rates and in DKK. Capital expenditure is still expected to be around DKK 650 million. The effective tax rate is still expected to be around 24%.