Coloplast - Investment Thesis

Why It's a Detractor

Terry Smith noted at the 2026 AGM:

"Coloplast, which is also one of our detractors, is a Danish medical company. It makes catheters, tubes that go into the human body. Then it made a couple of acquisitions — one that provides devices for the aftermath of throat surgery, throat cancer in particular, and wound care. They acquired a company that uses cod skin, believe it or not, for advanced wound care."

The innovation:

"They really do use it for a variety of reason

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