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Getinge AB (GETIb.ST)

GETIb.ST on Stockholm Stock Exchange

26 May 2017
Change (% chg)

2.10kr (+1.17%)
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Latest Key Developments (Source: Significant Developments)

Getinge: can't rule out more costs related to FDA quality control probe
Thursday, 26 Jan 2017 10:07am EST 

Getinge Ab CEO told analysts and media in a conference call: cannot rule out additional requirements from fda, costs related to fda quality controls probe . complementary acquisitions is as always on agenda Further company coverage: [GETIb.ST] (Reporting By Anna Ringstrom) ((Anna.Ringstrom@thomsonreuters.com;)).  Full Article

Getinge Q4 core profit below expectations
Thursday, 26 Jan 2017 07:00am EST 

Getinge : Q4 net sales increased by 1.1% to sek 9,523 m (9,417). . Getinge q4 order intake increased by 3.1% to sek 8,582 m (8,326). Order intake declined organically by 1.1%. . Says outlook for 2017: slightly positive organic sales growth for full-year. . Getinge q4 ebita. improved by 2.6% to sek 1,970 m (1,920) . Says a dividend per share of sek 2.00 (2.80) is proposed, corresponding to sek 477 m (667). . Says continued remediation activities related to consent decree with fda . Says currency transaction effects are expected to have a positive impact of approximately sek 200 m on the group’s 2017 earnings . Fin consequences of the consent decree with the fda., ex reconstruction costs, are related to loss of revenue and are expected to have a negative impact of abt sek 50 m on 2017 operating profit . Is still awaiting the fda’s decision on the action plan related to the production unit in hechingen .Reuters poll: getinge q4 order intake was seen at 8,561 million sek, adjusted. Ebita at 2,156 million.  Full Article

Getinge fires chief executive
Monday, 22 Aug 2016 02:00am EDT 

Getinge : Replacement of president & CEO getinge group:Joacim Lindoff appointed acting president & CEO of Getinge Group . Says President & CEO Alex Myers is leaving his position . Says change will be effective as of today . Says Board of Directors and Alex Myers have different views on the future direction of the Getinge Group and the board has therefore concluded that a replacement of the President & CEO is necessary . Says process to recruit a new president & CEO of the Getinge Group will commence immediately .Lindoff recently served as executive vice president of the business area Infection Control and has since January 1, 2016, headed up Getinge Surgical Workflows and is a member of the executive team.  Full Article

Getinge: 2016 sales growth outlook is unchanged, only wording differs vs Q1 report
Thursday, 14 Jul 2016 02:35am EDT 

Getinge Ab : Spokesperson says only wording of 2016 outlook is changed, view of sales growth is unchanged compared to Q1 report Further company coverage: [GETIb.ST] ((Sven.Nordenstam@thomsonreuters.com;)).  Full Article

Getinge Q2 core profit, order intake below forecasts
Thursday, 14 Jul 2016 02:00am EDT 

Getinge : Q2 order intake: -0.7 pct to sek 7,460 m (7,516). Order intake grew organically by 3.0 pct. . Q2 net sales: -3.5 pct to sek 6,927 m (7,181). Net sales fell organically by 0.3 pct . Q2 adjusted EBITA: +10.2 pct to sek 788 m . Reuters poll: Q2 order intake was seen at 7,546 mln sek, adjusted EBITA at 867 mln . Says is still awaiting a decision by FDA regarding remediation plan in Hechingen . Says outlook changed . Says expects moderate organic sales growth in 2016 .Previous sales outlook was "All in all, revenue growth is deemed to be positive in 2016.".  Full Article

Templeton Global Advisors cuts Getinge stake to 4.88 percent of votes
Thursday, 2 Jun 2016 08:55am EDT 

Getinge Ab :Templeton Global Advisors, Ltd cuts stake to 4.88 percent of votes, a FSA filing shows on Thursday.  Full Article

Getinge Group names Pernille Fabricius as new CFO
Tuesday, 22 Dec 2015 07:00am EST 

Getinge AB:Says Pernille Fabricius appointed new CFO of Getinge Group.Fabricius will assume her new position as CFO of Getinge Group on February 22, 2016.  Full Article

Getinge AB says buys Stericool
Monday, 14 Dec 2015 11:15am EST 

Getinge AB:Says Getinge Infection Control enters into low temperature market with acquisition of Stericool and exclusive distribution agreement with TSO3.Says Stericool has its headquarters and manufacturing site in Ankara, Turkey, with a total of 20 employees.Says consolidation of Stericool into Getinge Group will take place from Jan. 1, 2016.Says net sales in 2016 is estimated at 25 million Swedish crowns and EBITDA is expected at 4.5 million crowns.  Full Article

Getinge gives FY 2016 - FY 2019 outlook
Wednesday, 2 Sep 2015 06:24am EDT 

Getinge AB:Says targets annual EBITA improvement of >10 pct.Says targets are for FY 2016 - FY 2019 period.Says outlook for FY 2015 remains unchanged.Expects to achieve EBITA improvement of SEK 2.5-3 billion by FY 2019.Targets annual organic sales growth of 2-4 pct.Says aim is for dividend to correspond to 30-50 pct of net income.  Full Article

More From Around the Web

UPDATE 1-Getinge Q1 beats expectations as savings kick in, shares soar

* Says can't rule out further costs related to FDA probe (Adds detail, background, share price)