tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

Vitrolife Restructures Genetic Services for Strategic Growth

Story Highlights
Vitrolife Restructures Genetic Services for Strategic Growth

Claim 50% Off TipRanks Premium and Invest with Confidence

Vitrolife AB ( (SE:VITR) ) just unveiled an update.

Vitrolife AB announced a restructuring program for its genetic services business, aiming for annual savings of SEK 65 million by the end of Q3 2026. The program involves discontinuing certain genetic test lines and exiting low-profit markets, impacting 6% of the workforce and resulting in a SEK 5.4 billion goodwill impairment related to the Igenomix acquisition.

The most recent analyst rating on (SE:VITR) stock is a Buy with a SEK167.00 price target. To see the full list of analyst forecasts on Vitrolife AB stock, see the SE:VITR Stock Forecast page.

More about Vitrolife AB

Vitrolife Group is a global provider of medical devices and genetic testing solutions, focusing on reproductive health. With a mission to improve treatment outcomes for patients, the company operates in over 125 countries, supported by 1,100 employees and headquartered in Gothenburg, Sweden.

Average Trading Volume: 142,659

Technical Sentiment Signal: Sell

Current Market Cap: SEK18.75B

Find detailed analytics on VITR stock on TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1