Getinge reported a mixed Q3 22 update, beating estimates but trimming the FY22 outlook due to continuing supply chain bottlenecks and Covid-19 lockdowns in China, sending the stock down 4.8% at pixel time.
Getinge now expects FY 22 organic sales to decline by 3-6% (vs in line previously).
We expect the soft organic growth development to be offset by higher FX tailwinds, resulting in no significant change to our estimates.

20 Oct 2022
Q3 22: External challenges persist

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Q3 22: External challenges persist
- Published:
20 Oct 2022 -
Author:
Virendra Chauhan -
Pages:
3 -
Getinge reported a mixed Q3 22 update, beating estimates but trimming the FY22 outlook due to continuing supply chain bottlenecks and Covid-19 lockdowns in China, sending the stock down 4.8% at pixel time.
Getinge now expects FY 22 organic sales to decline by 3-6% (vs in line previously).
We expect the soft organic growth development to be offset by higher FX tailwinds, resulting in no significant change to our estimates.