Gothenburg, Sweden, March 12, 2020
Getinge continues to create value for customers and society
Today Getinge publishes its Annual Report 2019 which provides information about the company’s activities to create value to customers and society. Engaged employees and hard work throughout the organization are the factors behind Getinge’s continued growth and improved profitability in 2019.
“We took many steps in the right direction in 2019”, says Mattias Perjos, President & CEO Getinge. “Our organic growth was 3.9%, we improved profitability and we have a strong and stable cash flow thanks to the improved management of working capital. These are well-deserved achievements for all of our employees and were of course down to hard work across the entire organization.”
The majority of Getinge’s products and services are market leaders in their segments. The opportunities for further growth are favorable, both geographically and through new ways of combining offerings. Getinge is one of the largest players in its premium segment, but is working strategically to also increase sales in the broader value segment. High emphasis is placed on collaboration with customers early on in the process, to increase productivity and accuracy in terms of output.
“The organization is driven by the passion to help customers and patients, like we do in the current, global fight with the Covid-19 virus – but also by developing the leading products of tomorrow”, continues Mattias Perjos. “For example, in 2019 we released updated software for our Servo-u ventilator. We also introduced Maquet Lyra, a mobile OR table that is both stable and flexible and improves functionality while also improving the cost efficiency of the OR. In steam sterilization, we have been at the forefront of developments and innovative solutions for almost 90 years now. The latest sterilizer is called GSS610H and was launched during the year”.
Customer inquiries for sustainable products are increasing, entirely in line with the company’s strategic direction. The focus going forward is on continuing the implementation of the strategy in a structured manner, strengthening the operations and creating added value for customers and society. The Annual Report 2019 is found on Getinge’s website: https://www.getinge.com/int/about-us/investors/reports-presentations/2020/
Lars Mattsson, Head of Investor Relations
Phone: +46 (0) 734 244 692
This information is information that Getinge is obliged to make public pursuant to the Securities Markets Act. The information was submitted for publication at 13:00 CET on March 12, 2020.