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Getinge Group Interim Report January - June 2015

Press release Göteborg 2015-07-15

Getinge Group Interim Report January - June 2015

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 2015 Jan-Jun 2014 Change % Rolling 12M FY2014
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

Mkr

Q2

2015

Q2

2014

Change %

Jan-Jun

2015

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