MRO Magazine

Getinge Group Interim Report January – June 2015


July 15, 2015
By Business Wire News

GETINGE, Sweden

Regulatory News:

Second quarter in brief

· Order intake increased by 13.0% to SEK 7,516 M (6,651), and declined organically by 0.7%.

· Net sales increased by 13.5% to SEK 7,181 M (6,327). Net sales declined organically by 0.4%.

· Profit before tax declined by 55.7% to SEK 243 M (549).

· Earnings per share amounted to SEK 0.71 (1.67).

· EBITA* declined 21% to SEK 715 M (905).

· Continued focus on quality processes: the remediation program is proceeding according to plan, a Group-wide Quality & Regulatory Compliance function has been established, EBITA was charged with SEK 75 M related to the Consent Decree with the US FDA.

Financial summary                
MkrQ2 2015 Q2 2014 Change %Jan-Jun 2015 Jan-Jun 2014 Change % Rolling 12M FY 2014
Order intake7 516 6 651 13,0%14 708 12 628 16,5% 28 897 26 817
Net sales7 181 6 327 13,5%13 893 11 959 16,2% 28 603 26 669
Gross profit3 331 3 083 8,0%6 473 5 861 10,4% 13 722 13 110
Gross margin46,4% 48,7% -2,3%46,6% 49,0% -2,4% 48,0% 49,2%
EBITA*715 905 -21,0%1 432 1 575 -9,1% 4 358 4 501
EBITA margin*10,0% 14,3% -4,3%10,3% 13,2% -2,9% 15,2% 16,9%
Operating profit428 713 -40,6%762 419 81,9% 2 989 2 646
Profit before tax243 549 -55,7%388 97 2 278 1 987
Net profit177 401 -55,9%283 71 1 660 1 448
Earnings per share, SEK0,71 1,67 -57,5%1,09 0,29 6,81 6,01
Cash flow from operations598 901 -33,6%1 252 1 339 -6,5% 3 386 3 473
* before restructuring, acquisition and integration cost

Mkr

Q2

2015

Q2

2014

Change %

Jan-Jun

2015

Jan-Jun

2014

Change %

Rolling 12M

FY

2014

Order intake

7 516

6 651

13,0%

14 708

12 628

16,5%

28 897

26 817

Net sales

7 181

6 327

13,5%

13 893

11 959

16,2%

28 603

26 669

Gross profit

3 331

3 083

8,0%

6 473

5 861

10,4%

13 722

13 110

Gross margin

46,4%

48,7%

-2,3%

46,6%

49,0%

-2,4%

48,0%

49,2%

EBITA*

715

905

-21,0%

1 432

1 575

-9,1%

4 358

4 501

EBITA margin*

10,0%

14,3%

-4,3%

10,3%

13,2%

-2,9%

15,2%

16,9%

Operating profit

428

713

-40,6%

762

419

81,9%

2 989

2 646

Profit before tax

243

549

-55,7%

388

97

2 278

1 987

Net profit

177

401

-55,9%

283

71

1 660

1 448

Earnings per share, SEK

0,71

1,67

-57,5%

1,09

0,29

6,81

6,01

Cash flow from operations

598

901

-33,6%

1 252

1 339

-6,5%

3 386

3 473

* before restructuring, acquisition and integration cost

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

Getinge Group
Kornelia Rasmussen, +46-10-335-58-10
Group Communications Director
kornelia.rasmussen@getinge.com