Sales of Medistim’s own products rose 34.6% in currency-neutral terms. All regions grew: the Americas by 51.7%, Asia-Pacific by 44.6% and EMEA by 5.5%. The EBIT margin widened to 30.1% from 24.3%. Third-party distributor sales in Scandinavia grew 5.3% in the quarter.

For the first nine months, revenue rose 18.6% to a record NOK 613.7 million, and operating profit grew 20.6% to NOK 185.5 million, a margin of 30.2%. Recurring revenues accounted for 66.5% of sales. The company ended the quarter with NOK 175.6 million in cash and no interest-bearing bank loans.

Oslo-based Medistim develops ultrasound-based flow measurement and imaging systems used to check blood flow during cardiac and vascular surgery.