Dynavox Group AB
STO:DYVOX
Dynavox Group AB
Tobii Dynavox AB engages in the provision of assistive technology for communication. The company is headquartered in Danderyd, Stockholm and currently employs 722 full-time employees. The company went IPO on 2021-12-09. The firm's products enable its users to improve the quality of thier lives and exist more independently. The technology offers a range of of solutions, including specially designed communication devices, controlled by eye movements or touchscreens, as well as variety of software applications for communication and special education. Tobii Dynavox offers solution that, in addition to software and communication devices, also consists of assisting prescribers with user testing, helping users obtain reimbursement, and providing assistance so users can get started and learn how to use the solutions. The firm operates worldwide.
Tobii Dynavox AB engages in the provision of assistive technology for communication. The company is headquartered in Danderyd, Stockholm and currently employs 722 full-time employees. The company went IPO on 2021-12-09. The firm's products enable its users to improve the quality of thier lives and exist more independently. The technology offers a range of of solutions, including specially designed communication devices, controlled by eye movements or touchscreens, as well as variety of software applications for communication and special education. Tobii Dynavox offers solution that, in addition to software and communication devices, also consists of assisting prescribers with user testing, helping users obtain reimbursement, and providing assistance so users can get started and learn how to use the solutions. The firm operates worldwide.
Revenue Growth: Dynavox reported third-quarter revenue of SEK 606 million, representing 35% year-on-year growth adjusted for currency effects, with strong organic growth at 33%.
Geographic Performance: Direct presence markets outside North America exceeded already high expectations, while North America also performed strongly.
Profitability: EBIT was SEK 64 million, but nonrecurring costs of SEK 26 million temporarily lowered the EBIT margin by 4.3 percentage points.
Gross Margin: Gross margin improved to 70%, up 0.8 percentage points, with a slight positive impact from currency and a small negative effect from higher freight costs.
Strategic Investments: Significant nonrecurring investments continue in ERP rollout and consolidation of product development, expected to complete in 2024 and 2025.
Outlook: Management reaffirmed growth and margin targets, expects Q4 to be the strongest quarter, and sees no major headwinds from macro conditions or US policy changes.
