No end in sight for Getinge’s troubles, with the company reporting yet another disappointing quarter (significantly below consensus estimates but in line with our more conservative top-line numbers) – Q2 15 net sales declined 0.4% yoy organically to SEK7.2bn vs. 1.4% yoy growth in Q2 14 (reported sales grew 13.5%, driven by currency benefits). Order intake also contracted 0.7% yoy organically vs. 2.2% yoy growth in Q2 14, weighed down by weak demand in Western Europe, alongside te
28 Jul 2015
Poor quarter – no signs of recovery yet
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Poor quarter – no signs of recovery yet
Getinge AB Class B (GTN:FRA) | 0 0 0.9% | Mkt Cap: 25,911m
- Published:
28 Jul 2015 -
Author:
Jyoti Prakash -
Pages:
3
No end in sight for Getinge’s troubles, with the company reporting yet another disappointing quarter (significantly below consensus estimates but in line with our more conservative top-line numbers) – Q2 15 net sales declined 0.4% yoy organically to SEK7.2bn vs. 1.4% yoy growth in Q2 14 (reported sales grew 13.5%, driven by currency benefits). Order intake also contracted 0.7% yoy organically vs. 2.2% yoy growth in Q2 14, weighed down by weak demand in Western Europe, alongside te