Getinge Industrier AB Q3 report january - september 2001
- Orders received climbed 60%
to SEK 6,058.2 million (3,782.6)
- Net sales rose by 57% to SEK
5,691.7 million (3,620.2)
- The operating profit rose by
43% to SEK 600.4 million (419.3)
- The profit before tax went up
by 21% totalling SEK 425.8 million (352.2)
- Positive earnings trend for
Extended Care and Surgical Systems
- Profit outlook continues to
be good
The quarter
The Group’s orders received were good for Q3 and organic
growth stood at 6.3%. Infection Control’s orders received
rose considerably in the US, but in total have been marginally
higher for the business area compared to the past year. The
Extended Care and Surgical Systems business areas have both seen
their orders received progress well, but have seen minor effects
in both orders received and invoicing in the wake of the
September 11th terrorist attack in the USA. The Group feels that
the effects of this are in all probability temporary.
Surgical Systems' results have
progressed according to plan with a seasonal fall over the
period. Extended Care has seen a continued positive volume and
earnings trend during Q3 with a better operating margin as a
consequence. Infection Control stabilised over the period with an
operating profit somewhat under last year’s.
Outlook
Surgical Systems is performing very well, reporting a good volume
trend and improved cost structure. Extended Care is expected to
see a strong earnings trend and sizable demand on several
markets. Infection Control is seeing weaker demand and the profit
will not reach last year’s figure.
"The weaker earnings trend in
Infection Control has been compensated by a continued strong
performance from Surgical Systems and Extended Care and overall
the group’s result outlook is still judged to be
positive" says CEO, Johan Malmquist.
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