Interim Report January-March 2017

January-March 2017 in brief

  •   Order intake increased by 4.7% to SEK 7,249 M (6,924). Order intake increased organically by 0.7%.
  •   Net sales increased by 4.5% to SEK 6,664 M (6,377). Net sales increased organically by 0.6%.
  •   Cash flow from operations increased by 24.0% to SEK 868 M (700) making the cash conversion 72.0% (75.4).
  •   EBITA 1* improved by 31.9% to SEK 818 M (620).
  •   Restructuring and integration costs amounted to SEK 96 M (127).
  •   Profit after financial items increased and is amounting to SEK 383 M (157).
  •   Earnings per share increased and are amounting to SEK 1.16 (0.46).
  •   Savings of approximately SEK 100 M via the Big 5 efficiency-enhancement program.
  •   New CEO, Mattias Perjos, took office at the end of the quarter.
  •   Estimated costs related to the proposed spin-off of Patient & Post-Acute Care amounts to SEK 400-500 M for 2017.

Financial Summary                                                                                                                                            

Jan-Mar 2017 Jan-Mar 2016 Rolling 12M Full Year 2016
Order intake, SEK M 7,249 6,924 30,467 30,142
Net sales, SEK M 6,664 6,377 30,043 29,756
Gross profit, SEK M 3,295 3,011 14,124 13,840
Gross margin, % 49.4 47.2 47.0 46.5
EBITA 1*, SEK M 818 620 4,539 4,341
EBITA 1* margin, % 12.3 9.7 15.1 14.6
Operating profit (EBIT), SEK M 540 316 2,511 2,287
Profit after financial items, SEK M 383 157 1,876 1,650
Net   profit, SEK M 281 115 1,379 1,213
Earnings per share, SEK 1.16 0.46 5.68 4.98
Cash flow from operations, SEK M 868   700 3,839   3,671

*EBITA 1: EBITA before acquisition, restructuring and integration costs.

Contact
Kornelia Rasmussen, Executive Vice President Communications & Brand Management
+46 (0)10 335 5810
kornelia.rasmussen@getinge.com

Lars Mattsson, Head of Investor Relations
+46 (0)10 335 0043
lars.mattsson@getinge.com


Getinge is a global provider of innovative solutions for operating rooms, intensive care units, sterilization departments and for life science companies and institutions. Based on our firsthand experience and close partnerships with clinical experts, healthcare professionals and medtech specialists, we are improving the everyday life for people - today and tomorrow.

This information is information that Getinge AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 1:00 p.m. CET on April  25, 2017.

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About Us

Getinge is a global provider of innovative solutions for operating rooms, intensive-care units, sterilization departments and for life science companies and institutions. Based on our first-hand experience and close partnerships with clinical experts, healthcare professionals and medtech specialists, we are improving the every-day life for people, today and tomorrow.

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