Key Developments: Getinge AB (GETIb.ST)

GETIb.ST on Stockholm Stock Exchange

178.90SEK
23 Dec 2014
Price Change (% chg)

1.40kr (+0.79%)
Prev Close
177.50kr
Open
178.00kr
Day's High
178.90kr
Day's Low
175.00kr
Volume
576,082
Avg. Vol
947,249
52-wk High
237.30kr
52-wk Low
147.00kr

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Latest Key Developments (Source: Significant Developments)

Getinge AB lowers FY 2014 financial outlook
Thursday, 16 Oct 2014 02:00am EDT 

Getinge AB:Posted a Q3 2014 core profit below analyst forecasts.Says earnings before interest, taxes, amortisation and restructuring costs rose to 920 million Swedish crowns (128 million) from a year-earlier 907 million crowns.Says it is anticipated that the organic invoicing growth will fall somewhat short of the volume forecast stated in the six-month report.Says previous forecast was for like-for-like sales to grow around 4 percent in FY 2014.  Full Article

Pulsion Medical Systems SE and indirect subsidiary of Getinge AB, MAQUET, to enter into domination and profit and loss transfer agreement
Thursday, 3 Jul 2014 02:38pm EDT 

Pulsion Medical Systems SE:Says administrative board of Pulsion Medical Systems SE approved the conclusion of a domination and profit and loss transfer agreement between Pulsion Medical Systems SE as controlled entity and MAQUET Medical Systems AG (indirect subsidiary of Getinge AB, Sweden) as controlling entity.MAQUET Medical Systems AG owns 78.26 pct of shares of Pulsion Medical Systems.MAQUET Medical Systems AG offers to acquire shares of minority shareholders of Pulsion Medical Systems SE for cash compensation in amount of 17.03 euros per share.Domination and profit and loss transfer agreement also provides for annual recurring compensation payment in gross amount of 1.02 euros (0.86 euros net based on current taxation) per share.  Full Article

Getinge AB issues Q1 2014 profit outlook below analysts' estimates
Friday, 7 Mar 2014 02:10am EST 

Getinge AB:Says it estimates that Getinge’s pretax profit for the first quarter of 2014 will amount to about 160 mln Swedish crowns.Q1 2014 pre-tax profit 649.08 mln Swedish crowns - Thomson Reuters I/B/E/S.  Full Article

Getinge finalizes acquisition of Pulsion Medical Systems
Thursday, 20 Feb 2014 04:00am EST 

Getinge AB:Says has secured 78.55 percent of the outstanding shares in Pulsion Medical Systems.Says all conditions precedent stipulated in the offer document have been met and the transaction was completed on Feb. 19.Pulsion will be consolidated in Getinge’s accounts as of March 1.  Full Article

Getinge updates on acquisition of Pulsion Medical Systems SE
Friday, 7 Feb 2014 09:00am EST 

Getinge AB:Says has secured 76.88 percent of the outstanding shares and voting rights in Pulsion Medical Systems SE, which corresponds to 6.342.945 shares.Says the German Federal Cartel Office (Bundeskartellamt) approved the transaction on Feb. 7, and the Board of Pulsion has recommended the Pulsion shareholders to accept the offer.Says the acceptance will expire on Feb. 12.Expects the transaction to be completed in Q1.  Full Article

Getinge proposes FY 2013 dividend of SEK 4.15 per share-FULL STORY
Tuesday, 28 Jan 2014 07:00am EST 

Getinge AB:Proposes FY 2013 dividend of 4.15 Swedish crowns per share, corresponding to 989 million Swedish crowns in total.Paid the same dividend for FY 2012.Says the proposed record date is Mar. 25.Says Euroclear expects to distribute the dividend to shareholders on Mar. 28.  Full Article

Shareholders representing 70 pct in Pulsion accept Getinge bid
Thursday, 5 Dec 2013 04:15am EST 

Getinge AB:Says shareholders, who together represent about 70 percent of all issued shares and voting rights in Pulsion Medical Systems SE (Pulsion), have irrevocably undertaken to accept the offer from Getinge.Says on Dec. 4 Getinge decided to issue a public tender offer to acquire all shares in Pulsion offering 16.90 euro per each Pulsion share.Says Board of Directors of Pulsion is to review the offer document and provide a final recommendation to the shareholders.  Full Article

Getinge AB to acquire hemodynamic monitoring company Pulsion
Wednesday, 4 Dec 2013 04:00am EST 

Getinge AB:Says intends to issue a public tender offer to acquire all shares in Pulsion Medical Systems SE (Pulsion).Says Pulsion is listed on the German Stock Exchange (Deutsche Borse).Says Getinge plans to offer 16.90 euros per Pulsion share in cash, totaling 139.3 million euros.Says the offer price represents a premium of 22.1 percent to Pulsion’s volume weighted average price for the three-month period ended Dec. 3.Says the transaction will be financed through a new credit facility.Says the offer will be made by a fully-owned German Getinge subsidiary in accordance with the German Securities and Takeover Act.Says Pulsion is a provider of specialty monitoring solutions for critically ill patients.  Full Article

CORRECTION OFFICIAL - Getinge AB Updates on Q3 2013 and Full FY 2013 Financial Guidance
Tuesday, 8 Oct 2013 01:35am EDT 

CORRECTED TO READ...of between SEK 3,000 million and SEK 3,200 million including restructuring expenses and other nonrecurring expenses...INSTEAD OF...of between SEK 3,000 million and SEK 3,200 million when adjusted for restructuring expenses and other nonrecurring expenses. Getinge AB announced that for the fiscal year 2013 the organic volume growth is still expected to exceed 2012 result and amount to approximately 3-4 %. Profit before tax for the full fiscal year 2013 is estimated to be of between SEK 3,000 million and SEK 3,200 million including restructuring expenses and other nonrecurring expenses. Getinge’s consolidated profit before tax for Q3 2013 is expected to amount to SEK 560-570 million.  Full Article

Getinge AB Updates on Five Year Bonds
Wednesday, 15 May 2013 05:00am EDT 

Getinge AB announced that the Company has raised SEK 2 billion through issuance of notes with a five year maturity. SEK 1.5 billion has been issued as a Floating Rate Note with a spread of +1.88% over three month STIBOR. SEK 0.5 billion was issued as a Fixed Rate Note with a coupon rate at 3.5%. The proceeds from the loan will be used to refinance the Therapeutic Support Systems (TSS) acquisition debt. The arranging banks were Danske Bank, Nordea and SEB.  Full Article

European shares hit 13-month low on growth, deflation worries

LONDON/PARIS, Oct 16 - European shares extended steep losses on Thursday on mounting concerns over weakness in the global economy and fears of deflation in the euro zone, sending a benchmark index to a 13-month low at one point.

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