Moss, 7 May 2025
Gentian Diagnostics ASA, a fast-growing developer and manufacturer of diagnostic tests, today announced its results for the first quarter 2025.
Highlights include:
- Record sales of NOK 44.5 million in 1Q25, up 16% vs 1Q24 (13% organic growth).
- Sales of Cystatin C increased with 18% in 1Q25 compared to 1Q24. Strong increase in sales to China indicates a return towards a normalised supply situation.
- Continued US sales growth of 31% in 1Q25 with several new Cystatin C customers onboarded.
- Improvement of gross margin to 64%, up from 53% in 1Q24, mainly driven by strong operational performance.
- Significant EBITDA improvement to NOK 14.0 million in 1Q25 versus NOK 4.8 million in 1Q24.
- Net profit of NOK 7.8 million versus NOK 4.2 million in 1Q24.
- Beckman Coulter launched GCAL securing increased market access.
- Patent application in Japan accepted protecting Gentian’s innovative approach to NT-proBNP measurement using turbidimetric immunoassay technology.
Webcast
The company will present the results today at 10.00 am, followed by a Q&A session. The presentation will be held as a live webcast on the company's website:
https://www.gentian.com/investor-relation/presentations
The webcast will also be available on the company website after the presentation.
IR contact:
Njaal Kind, CFO
njaal.kind@gentian.no
+47 919 06 525 (mobile)
This information is considered to be inside information pursuant to the EU Market Abuse Regulation and is subject to the disclosure requirements pursuant to Section 5-12 in the Norwegian Securities Trading Act.
About Gentian
Gentian Diagnostics (OSE: GENT), develops and manufactures high-quality, in vitro diagnostic reagents. Gentian’s expertise and focus lies within immunoassays, specifically for infections, inflammation, kidney failure and congestive heart failure. By converting existing and clinically relevant biomarkers to the most efficient automated, high-throughput analysers, the company contributes to saving costs and protecting life. Gentian Diagnostics is headquartered in Moss, Norway, serving the global human and veterinary diagnostics markets through sales and representative offices in Sweden, USA, and China. For more information, please visit https://eur03.safelinks.protection.outlook.com/?url=http%3A%2F%2Fwww.gentian.com%2F&data=05%7C02%7Ckristin.hart%40gentian.com%7C6151d96b64a243a9202908dd8d2c8296%7C9c8eb0dd98964e9fa4672e5147935d53%7C0%7C0%7C638821946500057153%7CUnknown%7CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%3D%3D%7C60000%7C%7C%7C&sdata=wDQssVRSO0Lhy5BR7phvkfG5x4KtRgnZWCIOgbL7hJI%3D&reserved=0.