Getinge Interim Report January-March 2016

GÖTEBORG, Sweden--()--Regulatory News:

Getinge: (STO:GETIB)

First quarter of 2016 in brief

· Order intake declined by 3.7% to SEK 6,924 M (7,192). The order intake declined organically by 2.0%.

· Net sales fell by 5.0% to SEK 6,377 M (6,712). Net sales fell organically by 3.2%.

· The gross margin increased to 47.2% (46.8).

· EBITA* fell by 13.5% to SEK 620 M (717).

· Restructuring and integration costs amounted to SEK 127 M (183).

· Profit before tax amounted to SEK 157 M (146), corresponding to an increase of 7.5%.

· Earnings per share amounted to SEK 0.46 (0.38). · Good cost control – adjusted for exchange-rate effects, administrative and selling expenses declined by 4.4%.

· Cash conversion from operating activities amounted to 75.5% (69.8).

· The transformation program is progressing according to plan and efficiency initiatives are starting to generate results.

· New reporting structure for the Group with three new reporting segments based on the three Business Category Units Surgical Workflows, Acute Care Therapies and Patient & Post-Acute Care.

FINANCIAL SUMMARY

MSEK   Jan-Mar 2016   Jan-Mar 2015   Change %   Rolling 12M   FY 2015
Order intake 6 924 7 192 -3.7% 30 163 30 431
Net sales 6 377 6 712 -5.0% 29 900 30 235
Gross Profit 3 011 3 142 -4.2% 14 032 14 163
Gross margin 47.2% 46.8% 0.4% 46.9% 46.8%
EBITA* 620 717 -13.5% 4 082 4 179
EBITA margin* 9.7% 10.7% -1.0% 13.7% 13.8%
Operating profit 316 335 -5.7% 2 710 2 729
Profit before tax 157 146 7.5% 2 008 1 997
Net profit 115 107 7.5% 1 465 1 457
Earnings per share, SEK 0.46 0.38 21.1% 5.91 5.83
Cash flow from operations 700 654 7.0% 3 504 3 458

* before restructuring, acquisition and integration cost

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Contacts

Getinge
Kornelia Rasmussen
Executive Vice President Communications & Brand Management
Phone: +46 (0)10 335 5810
E-mail: kornelia.rasmussen@getinge.com

Contacts

Getinge
Kornelia Rasmussen
Executive Vice President Communications & Brand Management
Phone: +46 (0)10 335 5810
E-mail: kornelia.rasmussen@getinge.com