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STOCKHOLM, April 16 Swedish medical technology
firm Getinge posted a 15.4 percent fall in
first-quarter core profit on Wednesday, better than analyst had
forecast, and saw restructuring costs for the year swelling to
960 million crowns.
Earnings before interest, taxes, amortisation and
restructuring costs fell to 670 million Swedish crowns ($102
million) from a year-earlier 792 million. The mean forecast in a
Reuters poll of analysts was for 528 million.
The medical technology group issued its third profit
warning in just over a year in March as it said it faced more
than a year of heavy spending to boost its quality controls.
It said then that it expected consultants brought in to
address the issues to cost about 125 million crowns per quarter
for a period of six to seven quarters.
($1 = 6.5695 Swedish Crowns)
(Reporting by Mia Shanley)