Getinge Interim Report July-September 2024: Strong order intake but temporary delivery disruptions had a negative impact on earnings [Yahoo! Finance]
GETINGE AB UNSP/ADR (GNGBY)
NASDAQ:AMEX Investor Relations:
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Source: Yahoo! Finance
The global market for Getinge's products is still strong and during the quarter order intake increased by 10.0%, of which organic growth was 7.4%. All regions reported a positive performance, with particularly strong growth in consumables in Cardiopulmonary and ventilators in Critical Care and Infection Control. This was also the case for Bio-Processing, with double-digit growth in the organic order intake both in the US and in China "Organic sales in Acute Care Therapies decreased slightly, mainly due to lower sales of hardware in Cardiopulmonary and consumables in Cardiac Assist, which had challenging comparative figures from Q3 2023. Organic sales for Life Science declined by 2.4%, as a result of outgoing deliveries in capital goods shifting more toward Q4 2024 and the order growth in Bio-Processing is not yet seen in sales," says Mattias Perjos, President & CEO at Getinge. In September, the acquisition of Paragonix Technologies, Inc., a leading US company in organ transport p
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