15.10.2015 13:18:00

Getinge Group Interim Report January - September 2015

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

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