Getinge reported strong Q3 19 numbers – beating estimates on the top-line as well as the bottom-line. Net sales came in at SEK6,236m, up 4.8% on an organic basis, and the order intake came in at SEK6,678m, up 3.5%. Adjusted EBIT came in at SEK554m, with the associated margin at 8.9%. Looking ahead, management continues to expect 2-4% organic growth in FY19. Following the strong Q3 numbers, we will be upgrading our estimates as well as the target price and recommendation.
21 Oct 2019
Strong Q3; margin expansion to continue
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Strong Q3; margin expansion to continue
Getinge AB Class B (GTN:FRA) | 0 0 0.9% | Mkt Cap: 25,911m
- Published:
21 Oct 2019 -
Author:
Virendra Chauhan -
Pages:
3
Getinge reported strong Q3 19 numbers – beating estimates on the top-line as well as the bottom-line. Net sales came in at SEK6,236m, up 4.8% on an organic basis, and the order intake came in at SEK6,678m, up 3.5%. Adjusted EBIT came in at SEK554m, with the associated margin at 8.9%. Looking ahead, management continues to expect 2-4% organic growth in FY19. Following the strong Q3 numbers, we will be upgrading our estimates as well as the target price and recommendation.