Getinge reported mixed Q422 earnings, beating the top-line consensus but missing on profits.
For FY23, the firm expects 2-5% top-line growth, which is soft vs the consensus at about 6% and AV at 7%.
Importantly, margin-negative headwinds are expected to persist through H1 23 sending the stock 5% lower in initial trading. However, the stock has rebounded by ~16% since then, underpinned by the margin-supportive conference call commentary.
We will trim our FY23 estimates by high-single digits.
06 Feb 2023
Q4 22: External headwinds to persist through H1 23
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Q4 22: External headwinds to persist through H1 23
- Published:
06 Feb 2023 -
Author:
Virendra Chauhan -
Pages:
3
Getinge reported mixed Q422 earnings, beating the top-line consensus but missing on profits.
For FY23, the firm expects 2-5% top-line growth, which is soft vs the consensus at about 6% and AV at 7%.
Importantly, margin-negative headwinds are expected to persist through H1 23 sending the stock 5% lower in initial trading. However, the stock has rebounded by ~16% since then, underpinned by the margin-supportive conference call commentary.
We will trim our FY23 estimates by high-single digits.