Getinge Group Interim Report January

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

Mkr         Q2 2015   Q2 2014  Change   Jan-Jun  Jan-Jun 2014   Change  Rolling
FY2014
                               %        2015                    %       12M
Order       7 516     6 651    13,0%    14 708   12 628         16,5%   28 897
26 817
intake
Net sales   7 181     6 327    13,5%    13 893   11 959         16,2%   28 603
26 669
Gross       3 331     3 083    8,0%     6 473    5 861          10,4%   13 722
13 110
profit
Gross       46,4%     48,7%    -2,3%    46,6%    49,0%          -2,4%   48,0%
49,2%
margin
EBITA*      715       905      -21,0%   1 432    1 575          -9,1%   4 358
4 501

EBITA       10,0%     14,3%    -4,3%    10,3%    13,2%          -2,9%   15,2%
16,9%
margin*
Operating   428       713      -40,6%   762      419            81,9%   2 989
2 646
profit
Profit      243       549      -55,7%   388      97                     2 278
1 987
before tax
Net profit  177       401      -55,9%   283      71                     1 660
1 448
Earnings     0,71              -57,5%
6,81
per                   1,67              1,09     0,29
6,01
share, SEK
Cash flow    598               -33,6%     1 252         1 339   -6,5%    3 386
      3 473
from                  901
operations

* 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
Getinge Group Interim Report January - June 2015

Anhänge
