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Redeye’s first comments on CellaVision’s report for Q1’21. The report showed stronger sales than we expected at SEK 134m vs. our SEK 123m, a flat development compared to last year. The gross margin was also higher at 69% compared with the 67% expected. Organic sales were a strong 7% driven by a very strong development in EMEA, while the other regions continue to be weak. Encouraging comments about returning to a gradual recovery of the markets, and we like that the gross margin was back at pre-pandemic high levels. The long-term prospects are still excellent, and we are likely to make some upward adjustments to our estimates.

Source: Finwire News.

CellaVision AB is engaged in the business of supplying digital solutions for blood and body fluid analysis. Its solutions are based on digital image analysis technology, artificial intelligence, and information technology. The firm's product portfolio consists of CellaVision peripheral blood application, CellaVision advanced RBC application and CellaVision remote review software. Its customers include mainly large hospital laboratories and commercial laboratories in North America, Europe and China and Japan. The company derives the majority of its revenue from the sale of analyzers.