Getinge’s Q4 results were ahead of consensus. Sales were up 11.1% organically, driven by ACT (+35.5%), which offset declines in the other segments. Order book growth of 6% was attributable to LS (+70.5%), which offset SWF weakness (-7.1%). Adjusted EBITA came in at SEK1.82bn, with the associated margin of 20.6% (+90bp).
The board proposed a FY20 dividend of SEK3/share. Looking ahead, FY21 sales are expected to be at least SEK27bn. We will be raising our estimates marginally.
29 Jan 2021
FY 20: Strong end to an eventful year
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FY 20: Strong end to an eventful year
- Published:
29 Jan 2021 -
Author:
Virendra Chauhan -
Pages:
3
Getinge’s Q4 results were ahead of consensus. Sales were up 11.1% organically, driven by ACT (+35.5%), which offset declines in the other segments. Order book growth of 6% was attributable to LS (+70.5%), which offset SWF weakness (-7.1%). Adjusted EBITA came in at SEK1.82bn, with the associated margin of 20.6% (+90bp).
The board proposed a FY20 dividend of SEK3/share. Looking ahead, FY21 sales are expected to be at least SEK27bn. We will be raising our estimates marginally.