Third quarter in brief
·
Order intake increased by 15.3% to SEK 7,398 M (6,414), and grew organically by
5.2%.
·
Net sales rose by 11.2% to SEK 6,925 M (6,225). Net sales increased organically
by 1.1%.
·
EBITA* declined by 10.0% to SEK 828 M (920).
·
Restructuring costs for the quarter amounted to SEK 213 M (62).
·
Profit before tax declined by 52.9% to SEK 238 M (505), mainly due to increased
restructuring costs.
·
Earnings per share amounted to SEK 0.73 (1.54).
·
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.
·
Comprehensive transformation program focusing on growth, efficiency and a new
organization.
Financial summary
MSEK Q3 2015 Q3 2014 Change Jan-Sep Jan-Sep 2014 Change Rolling
12M FY 2014
% 2015 %
Order 7 398 6 414 15.3% 22 105 19 042 16.1% 29 880
26 817
intake
Net sales 6 925 6 225 11.2% 20 818 18 184 14.5% 29 303
26 669
Gross 3 240 3 046 6.4% 9 713 8 907 9.0% 13 916
13 110
profit
Gross 46.8% 48.9% -2.1% 46.7% 49.0% -2.3% 47.5%
49.2%
margin
EBITA* 828 920 -10.0% 2 260 2 496 -9.5% 4 265
4 501
EBITA 12.0% 14.8% -2.8% 10.9% 13.7% -2.8% 14.6%
16.9%
margin*
Operating 421 675 -37.6% 1 184 1 094 8.2% 2 736
2 646
profit
Profit 238 505 -52.9% 626 602 4.0% 2 011
1 987
before tax
Net profit 174 368 -52.7% 457 439 4.1% 1 466
1 448
Earnings 0.73 -52.6% 1.81 -1.1%
per 1.54 1.83 5.99
6.01
share, SEK
Cash flow 724 742 -2.4% 1 974 2 081 -5.1%
from 3 366
3 473
operations
* before restructuring, acquisition and integration cost
MSEK Q3 2015 Q3 2014 Change Jan-Sep Jan-Sep 2014 Change Rolling
12M FY 2014
% 2015 %
Order 7 398 6 414 15.3% 22 105 19 042 16.1% 29 880
26 817
intake
Net sales 6 925 6 225 11.2% 20 818 18 184 14.5% 29 303
26 669
Gross 3 240 3 046 6.4% 9 713 8 907 9.0% 13 916
13 110
profit
Gross 46.8% 48.9% -2.1% 46.7% 49.0% -2.3% 47.5%
49.2%
margin
EBITA* 828 920 -10.0% 2 260 2 496 -9.5% 4 265
4 501
EBITA 12.0% 14.8% -2.8% 10.9% 13.7% -2.8% 14.6%
16.9%
margin*
Operating 421 675 -37.6% 1 184 1 094 8.2% 2 736
2 646
profit
Profit 238 505 -52.9% 626 602 4.0% 2 011
1 987
before tax
Net profit 174 368 -52.7% 457 439 4.1% 1 466
1 448
Earnings 0.73 -52.6% 1.81 -1.1%
per 1.54 1.83 5.99
6.01
share, SEK
Cash flow 724 742 -2.4% 1 974 2 081 -5.1%
from 3 366
3 473
operations
Getinge Group Interim Report January - September 2015
| Source: Getinge AB
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