Getinge Group Year-End Report 2015

FOURTH QUARTER IN BRIEF

  ·
Order intake increased by 7.5% to SEK 8,326 M (7,747). Order intake grew
organically by 1.2%.

  ·
Net sales increased by 11.3% to SEK 9,417 M (8,458). Net sales increased
organically by 4.3%.

  ·
EBITA* fell by 3.7% to SEK 1,920 M (1,994). EBITA was adversely affected by non
-recurring costs amounting to SEK 218 M. Adjusted for these non-recurring costs,
EBITA increased by 7.2%.

  ·
Restructuring and integration costs amounted to SEK 174 M (259).

  ·
Profit before tax amounted to SEK 1,371 M (1,371), unchanged compared with the
year-earlier period.

  ·
Earnings per share amounted to SEK 4.02 (4.15).

  ·
A dividend per share of SEK 2.80 (2.80) is proposed, corresponding to SEK 667 M
(667).

  ·
Cash conversion from operating activities amounted to 68.5% (65.6).

  ·
Pernille Fabricius was appointed new CFO of Getinge Group

FINANCIAL SUMMARY

MSEK          Q4      Q4      Change  Jan     Jan-Dec 2014       Change %
              2015    2014    %       -Dec
                                      2015
Order intake  8 326   7 747   7.5%    30 431  26 817             13.5%
Net sales     9 417   8 458   11.3%   30 235  26 669             13.4%
Gross profit  4 449   4 179   6.5%    14 163  13 110             8.0%
Gross margin  47.2%   49.4%   -2.2%   46.8%   49.2%              -2.4%
EBITA*        1 920   1 994   -3.7%   4 179   4 501              -7.2%
EBITA         20.4%   23.6%   -3.2%   13.8%   16.9%              -3.1%
margin*
Operating     1 545   1 538   0.5%    2 729   2 646              3.1%
profit
Profit        1 371   1 371   0.0%    1 997   1 987              0,5%
before tax
Net profit    999     995     0.4%    1 457   1 448              0.6%
Earnings per                  -3.1%   5.83               6.01    -3.0%
share, SEK    4.02    4.15

Cash flow        1            7.8%    3 458              3 473   -0.4%
from          483     1 376
operations

* before restructuring, acquisition and integration cost