Bactiguard has received a major, one off order from C.R. Bard (Bard) intended to increase their safety stock of Bactiguard-coated Foleys for infection control.
The order will generate additional sales for Bactiguard of approximately 28 MSEK in the third quarter and make a positive contribution to cash flow. The additional order will lead to higher total sales to Bard for 2015 compared to last year. Excluding this order, the underlying volume of coating concentrate delivered to Bard in 2015 is not expected to be affected.
“Sales of Bard’s Foleys with Bactiguard’s infection control coating have been stable over a long period of time. It is therefore encouranging that Bard has to increase the safety stock to meet its production targets, which has a positive impact on our revenues and makes a significant contribution to cash flow,” says Christian Kinch, CEO.