* Q3 pretax profit 704 mln SEK vs consensus 721 mln
* Shares rise 2 pct after 4 pct decline ahead of results
* Organic new orders up 3.6 pct vs 8.2 pct in Q2
* Emerging markets demand offsets sluggish N.America, Europe
(Adds further details, background, analyst's comment, shares)
By Anna Ringstrom and Rebecka Roos
STOCKHOLM, Oct 17 Swedish medical technology group Getinge
posted a slightly lower than expected rise in third-quarter pre-tax
profit on Wednesday but forecast strong growth this year, sending its shares up.
Slow growth in demand for its surgical theatre equipment in North America
and western Europe was being more than compensated for by emerging markets. The
three areas each account for roughly one third of sales. Getinge is trying to
increase its presence in markets such as India, Russia, China and Brazil.
Pretax profit grew to 704 million crowns ($106 million) in the quarter, from
690 million last year, below a Reuters consensus forecast of 721 million.
Shares in Getinge, whose products include surgical tables, anaesthesia
systems and heart-lung support equipment, were up 2 percent at 1118 GMT,
outperforming the market in Stockholm, recovering some of the 4
percent they lost in the last two weeks. Shares have risen 44 percent this year.
"Mature markets remain fairly slow, and demand remains strong in emerging
markets. Medical Systems came in strong," said Swedbank analyst Johan Unnerus
said, adding that Wednesday's share rise reflected cautious trade ahead of the
New orders were up 3.6 percent in the third quarter year-on-year across the
company, excluding acquisitions. At Getinge's biggest business, Medical Systems,
organic orders were up 8.5 percent.
Getinge, which in July forecast significant earnings growth improvement in
the second half of the year, said recent strengthening of the Swedish crown
would have a slightly negative effect on full-year results but, besides that,
its outlook was unchanged.
($1 = 6.6408 Swedish crowns)
(Reporting by Anna Ringstrom; Editing by Patrick Lannin and Robin Pomeroy)