In its first results following the announcement of the restructuring plan, Getinge announced better than expected Q3 15 numbers (ahead of consensus estimates), reporting its best quarterly performance in terms of order intake (5.2% organic growth vs. a 0.2% decline in Q3 14) since Q4 13. Net sales, however, were more subdued, increasing 1.1% organically (11.2% reported) to SEK6.9bn, driven by a revival in demand from the North American market and robust returns from the rest of the world. Seg
02 Dec 2015
Solid order intake but margins continue to concern
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Solid order intake but margins continue to concern
Getinge AB Class B (GTN:FRA) | 0 0 0.9% | Mkt Cap: 25,911m
- Published:
02 Dec 2015 -
Author:
Jyoti Prakash -
Pages:
3
In its first results following the announcement of the restructuring plan, Getinge announced better than expected Q3 15 numbers (ahead of consensus estimates), reporting its best quarterly performance in terms of order intake (5.2% organic growth vs. a 0.2% decline in Q3 14) since Q4 13. Net sales, however, were more subdued, increasing 1.1% organically (11.2% reported) to SEK6.9bn, driven by a revival in demand from the North American market and robust returns from the rest of the world. Seg