COPENHAGEN, Aug 14 (Reuters) - Danish healthcare products maker Coloplast posted a 2 percent rise in operating profits for the third quarter of its 2008-09 fiscal year, roughly in line with forecasts, and slightly raised its guidance for full-year margins.
Earnings before interest and tax (EBIT) rose to 347 million Danish crowns ($66.54 million) in the three months to end-June from 341 million in the same quarter last year, the company said on Friday.
The result missed an average expectation of a rise to 351 million in a Reuters survey of eight analysts, but came within the range of estimates of 313 million to 380 million crowns.
Coloplast bumped up its full-year 2008-09 guidance for its operating profit margin in Danish crown terms to 15-16 percent from an earlier projection of around 15 percent.
But it trimmed its full-year forecast for organic revenue growth in Danish crowns to around 5 percent from an earlier projection of around 6 percent.
Coloplast said it would not complete the rest of a share buy-back programme planned for 2009 because it wanted to strengthen its capital reserves and because the situation in the financial markets was not advantageous.
(Reporting by Copenhagen newsroom)