12.04.2016 11:14:00

Getinge Group: Changes to Getinge Group’s Financial Reporting

Regulatory News:

As previously announced, Getinge (STO:GETIB) introduced a new organizational structure effective January 1, 2016 that better reflects customer requirements and enables more effective governance of the Group. Consequently, a new financial governance model and reporting structure has been developed to reflect this change. As a result, Getinge has also changed its external reporting structure. Segment information for 2015 has thus been restated to facilitate comparisons.

Getinge’s new functional organizational structure that was introduced on January 1, 2016 entails better opportunities for focusing on the specific needs of each customer and enables Getinge’s unique customer offering through the Group’s total product portfolio. In addition, the new structure entails a significantly more efficient and focused management of the Group.

A new financial reporting structure was introduced that corresponds to the new organizational structure. This new reporting structure comprises three reporting segments based on the Group’s three Business Category Units: Surgical Workflows, Acute Care Therapies and Patient & Post-Acute Care. Group Items will be reported separately.

The segment information for 2015 has been restated in accordance with the new reporting structure to facilitate comparisons. Restated information regarding order intake, net sales, gross profit, EBITA and EBIT is appended to this press release.

The interim report for the first quarter 2016 is published on April 22nd at 13.00 CET and will reflect the new reporting structure.

Getinge Group is a leading global provider of innovative solutions for operating rooms, intensive-care units, hospital wards, sterilization departments, elderly care and for life science companies and institutions. Getinge’s unique customer offering mirrors the hospital’s organization and value chain, and the solutions are used before, during and after the patients’ hospital stay. Based on first-hand experience and close partnerships, Getinge provides innovative healthcare solutions that improve every-day life for people, today and tomorrow.

This information is such that Getinge AB must disclose in accordance with the Swedish Securities Market Act and/or the Financial Instruments Trading Act.

Restated financial information per quarter

Order intake, SEK M   Q1 2015   Q2 2015   Q3 2015   Q4 2015   Full-year
2015
Surgical Workflows 2,390 2,723 2,733 3,167 11,013
Acute Care Therapies 2,854 2,812 2,816 3,155 11,637
Patient & Post-Acute Care 1,948 1,981 1,848 2,004 7,781
Group, total 7,192 7,516 7,397 8,326 30,431
Net sales, SEK M   Q1 2015   Q2 2015   Q3 2015   Q4 2015   Full-year
2015
Surgical Workflows 2,122 2,398 2,389 3,982 10,891
Acute Care Therapies 2,617 2,863 2,695 3,402 11,577
Patient & Post-Acute Care 1,973 1,920 1,841 2,033 7,767
Group, total 6,712 7,181 6,925 9,417 30,235
Gross profit, SEK M   Q1 2015   Q2 2015   Q3 2015   Q4 2015   Full-year
2015
Surgical Workflows 786 883 928 1,631 4,228
Acute Care Therapies 1,445 1,570 1,517 1,896 6,428
Patient & Post-Acute Care 911 878 796 922 3,507
Group, total 3,142 3,331 3,241 4,449 14,163
EBITA*, SEK M   Q1 2015   Q2 2015   Q3 2015   Q4 2015   Full-year
2015
Surgical Workflows 59 131 228 815 1,233
Acute Care Therapies 460 514 477 825 2,276
Patient & Post-Acute Care 240 128 173 348 889
Group Items** -42 -59 -50 -68 -219
Group, total 717 714 828 1,920 4,179
EBIT, SEK M   Q1 2015   Q2 2015   Q3 2015   Q4 2015   Full-year
2015
Surgical Workflows 28 75 202 749 1,054
Acute Care Therapies 235 331 185 595 1,346
Patient & Post-Acute Care 115 82 94 282 573
Group Items** -43 -60 -60 -81 -244
Group, total 335 428 421 1,545 2,729

*before restructuring, acquisition and integration costs

**Group Items refers mainly to the central functions finance, communication, human resources and administration

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