BRIEF-Getinge Q1 Adjusted EBITA Up At About SEK 660 Mln [Reuters]
GETINGE AB UNSP/ADR (GNGBY)
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Source: Reuters
BRIEF-Getinge Q1 Adjusted EBITA Up At About SEK 660 Mln April 9 (Reuters) - Getinge AB: * TO POST HIGHER THAN EXPECTED ORDER GROWTH AND EARNINGS FOR Q1 2020 AND WITHDRAWS OUTLOOK FOR 2020 * GETINGE’S MULTIPLE EFFORTS TO SUPPORT HOSPITALS AND PATIENTS AFFECTED BY COVID-19 HAS CONTRIBUTED TO ORDER INTAKE FOR Q1 2020 BEING HIGHER THAN EXPECTED BY MARKET. * ORDER INTAKE FOR Q1 2020 INCREASED BY 47.2% ORGANICALLY COMPARED TO Q1 2019 AND AMOUNTED TO APPROXIMATELY SEK 9,450 M * SIGNIFICANTLY INCREASED ORDER INTAKE IN BUSINESS AREA ACUTE CARE THERAPIES, AMOUNTING TO 96.4% COMPARED TO Q1 2019. * ADJUSTED EBITA, WHICH WAS SUPPORTED BY INCREASED VOLUMES, OPERATIONAL LEVERAGE AND POSITIVE CURRENCY EFFECTS, INCREASED TO APPROXIMATELY SEK 660 M COMPARED TO SEK 369 M Q1 2019 * INCREASE IS ATTRIBUTABLE TO CRITICAL CARE AND CARDIOPULMONARY, WHICH ARE PRODUCT CATEGORIES WHERE GETINGE IS A GLOBAL LEADER. * DUE TO HIGH LEVELS OF UNCERTAINTY RELATED TO COVID-19 OUTBREAK IMPACT GETINGE WITHDRAWS OUTLOOK FO
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