2015-10-15
Getinge Group Interim Report January - September 2015
Third quarter in brief
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Order intake increased by 15.3% to SEK 7,398 M (6,414), and grew organically by 5.2%.
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Net sales rose by 11.2% to SEK 6,925 M (6,225). Net sales increased organically by 1.1%.
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EBITA* declined by 10.0% to SEK 828 M (920).
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Restructuring costs for the quarter amounted to SEK 213 M (62).
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Profit before tax declined by 52.9% to SEK 238 M (505), mainly due to increased restructuring costs.
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Earnings per share amounted to SEK 0.73 (1.54).
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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.
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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 |