Getinge Group Interim Report January - September 2015

GETINGE, Sweden--(BUSINESS WIRE)-- Regulatory News:

Getinge (STO: GETIB)

Third quarter in brief

· Order intake increased by 15.3% to SEK 7,398 M (6,414), and grew organically by 5.2%.

· Net sales rose by 11.2% to SEK 6,925 M (6,225). Net sales increased organically by 1.1%.

· EBITA* declined by 10.0% to SEK 828 M (920).

· Restructuring costs for the quarter amounted to SEK 213 M (62).

· Profit before tax declined by 52.9% to SEK 238 M (505), mainly due to increased restructuring costs.

· Earnings per share amounted to SEK 0.73 (1.54).

· Continued focus on quality processes: the remediation program is proceeding according to plan, operating profit was charged with SEK 100 M related to the Consent Decree with the US FDA.

· Comprehensive transformation program focusing on growth, efficiency and a new organization.

Financial summary

MSEK		Q3 2015		Q3 2014		Change %		Jan-Sep 2015		Jan-Sep 2014		Change %		Rolling 12M		FY 2014
Order intake		7 398		6 414		15.3%		22 105		19 042		16.1%		29 880		26 817
Net sales		6 925		6 225		11.2%		20 818		18 184		14.5%		29 303		26 669
Gross profit		3 240		3 046		6.4%		9 713		8 907		9.0%		13 916		13 110
Gross margin		46.8%		48.9%		-2.1%		46.7%		49.0%		-2.3%		47.5%		49.2%
EBITA*		828		920		-10.0%		2 260		2 496		-9.5%		4 265		4 501
EBITA margin*		12.0%		14.8%		-2.8%		10.9%		13.7%		-2.8%		14.6%		16.9%
Operating profit		421		675		-37.6%		1 184		1 094		8.2%		2 736		2 646
Profit before tax		238		505		-52.9%		626		602		4.0%		2 011		1 987
Net profit		174		368		-52.7%		457		439		4.1%		1 466		1 448
Earnings per share, SEK		0.73		1.54		-52.6%		1.81		1.83		-1.1%		5.99		6.01
Cash flow from operations		724		742		-2.4%		1 974		2 081		-5.1%		3 366		3 473

* before restructuring, acquisition and integration cost

MSEK		Q3 2015		Q3 2014		Change %		Jan-Sep 2015		Jan-Sep 2014		Change %		Rolling 12M		FY 2014
Order intake		7 398		6 414		15.3%		22 105		19 042		16.1%		29 880		26 817
Net sales		6 925		6 225		11.2%		20 818		18 184		14.5%		29 303		26 669
Gross profit		3 240		3 046		6.4%		9 713		8 907		9.0%		13 916		13 110
Gross margin		46.8%		48.9%		-2.1%		46.7%		49.0%		-2.3%		47.5%		49.2%
EBITA*		828		920		-10.0%		2 260		2 496		-9.5%		4 265		4 501
EBITA margin*		12.0%		14.8%		-2.8%		10.9%		13.7%		-2.8%		14.6%		16.9%
Operating profit		421		675		-37.6%		1 184		1 094		8.2%		2 736		2 646
Profit before tax		238		505		-52.9%		626		602		4.0%		2 011		1 987
Net profit		174		368		-52.7%		457		439		4.1%		1 466		1 448
Earnings per share, SEK		0.73		1.54		-52.6%		1.81		1.83		-1.1%		5.99		6.01
Cash flow from operations		724		742		-2.4%		1 974		2 081		-5.1%		3 366		3 473

This information was brought to you by Cision http://news.cision.com

View source version on businesswire.com: http://www.businesswire.com/news/home/20151015005783/en/

Getinge Group
Kornelia Rasmussen, Group Communications Director
Phone: +46 10 335 58 10
E-mail: [email protected]

Source: Getinge Group

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