Earnings Release • Apr 22, 2025
Earnings Release
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"We are entering 2025 with healthy organic sales growth and improved adjusted operating profit despite headwinds from currency effects. This performance was mainly driven by Acute Care There we as a leading supplier are working intensively to meet higher customer demand for ventilators and consumables in ECLS. The positive transfer in Life Science is continuing, while the Bio-Processing marketremains challenging. We are responding to this by expanding our sales channels in China and the US while streamlining our cost base. Infection Continuing to strengthen the business area Surgical Workflows, meanwhile sales of operating tables declined compared with last year's strong Q1.
Paragonix Technologies, Inc, which was acquired in the autumn, is continuing its impressive journey of growth. Kidney Vault™, which was recently launched, received positive feedback from users, and is expected to contribute further to sales. Five of the company's six products now have EU MDR regulatory approval, representing a milestone in the ongoing expansion outside the US. The long-awaited DPTE®FLEX Alpha-Port was launched in Life Science, which minimizes the risk of contamination of sensitive biopharmaceutical medicines.
The intention to phase out Surgical Perfusion is progressing according to plan. This will certainly impact the organic order intake and sales negatively, but is expected to make a positive contribution to the adjusted operating margin as early as this year, for example, by reallocating resources to more profitable areas such as ECLS and Transplant Care.
Unfortunately, hospitals and patients are the hardest hitin the recent escalation of trade barriers and geopolitical tension since tariffs distort competition and lead to higher costs. We are preparins and necessary actions. Here, price adjustments are one of many tools available to counteract the negative effects on our profitability. Based on global increasing care needs in the long term, and our leading position in key niches as well as a diverse supply chain, we are well happen next. This means that we maintain our positive outlook for 2025. I would like to thank all our customers and employees for their important efforts in continuing to create value for clinical staff and patients.
Outlook 2025: Net sales for 2025 are expected to increase by 2-5% organically. (unchanged)
| SEK M | Jan-Mar 2025 |
Jan-Mar 2024 |
Jan-Dec 2024 |
|---|---|---|---|
| Order intake | 8,632 | 8,059 | 34,232 |
| Organic change, % | 2.9 | 2.5 | 6.3 |
| Net sales | 8,320 | 7,513 | 34,759 |
| Organic change, % | 6.2 | 0.0 | 4.9 |
| Adjusted gross profit | 4,337 | 3,855 | 17,409 |
| Margin, % | 52.1 | 51.3 | 50.1 |
| Adjusted EBITDA | 1,442 | 1,255 | 6,646 |
| Margin, % | 17.3 | 16.7 | 19.1 |
| Adjusted EBITA | 1,003 | 842 | 4,869 |
| Margin, % | 12.1 | 11.2 | 14.0 |
| Adjusted EBIT | 896 | 784 | 4,549 |
| Margin, % | 10.8 | 10.4 | 13.1 |
| Operating profit (EBIT) | 598 | 755 | 2,854 |
| Margin, % | 7.2 | 10.0 | 8.2 |
| Profit before tax | 428 | 638 | 2,282 |
| Net profit for the period | 304 | 464 | 1,654 |
| Adjusted net profit for the period | 597 | 528 | 3,211 |
| Margin, % | 7.2 | 7.0 | 9.2 |
| Adjusted earnings per share, SEK | 2.18 | 1.92 | 11.73 |
| Earnings per share, SEK | 1.10 | 1.69 | 6.01 |
| Cash flow from operating activities | 470 | 1,249 | 4,577 |
| Free cash flow | 160 | 944 | 3,284 |
| 1) See page 3 for calculations of adjusted performance measures. |
Every care has been taken in the translation of the event of discrepancies, the Swedish original will supersede the English translation.
| Orderintake business areas, SEK M Acute Care Therapies Life Science Surgical Workflows Total |
Jan-Mar 2025 4,924 978 2,730 8,632 |
Jan-Mar 2024 4.243 1,113 2.702 8,059 |
Org A, % 8.6 -12.9 0.3 2.9 |
Jan-Dec 2024 17,719 4.601 11,912 34,232 |
|---|---|---|---|---|
| Orderintake regions, SEK M |
Jan-Mar 2025 |
Jan-Mar 2024 |
Org Δ, % | Jan-Dec 2024 |
| Americas APAC |
4.085 1,531 |
3,537 | 6.4 | 15.188 7.031 |
| EMEA | 3.017 | 1.678 2.843 |
-9.6 5.8 |
12,013 |
| Total | 8.632 | 8.059 | 2.9 | 34,232 |
| Net sales | Jan-Mar | Jan-Mar | Jan-Dec | |
|---|---|---|---|---|
| business areas, SEK M | 20225 | 2024 | Org Δ, % | 2024 |
| Acute Care Therapies | 4.775 | 3,969 | 12.4 | 17,948 |
| Life Science | 950 | 964 | -2.3 | 4.552 |
| Surgical Workflows | 2,595 | 2,579 | -0.2 | 12,258 |
| Total | 8,320 | 7,513 | 6.2 | 34,759 |
| Net sales | Jan-Mar | Jan-Mar | Jan-Dec | |
| regions, SEK M | 2025 | 2024 | Org Δ, % | 2024 |
| Americas | 4,047 | 3,465 | 7.5 | 15,516 |
| APAC | 1,642 | 1,486 | 9.8 | 7,061 |
| EMEA | 2,630 | 2,562 | 2.3 | 12,182 |
| Total | 8.320 | 7.513 | 6.2 | 34.759 |
| Not color connoviod by |
| 1 11 10 10 10 100 10 10 10 10 10 11 11 11 11 10 100 100 100 1 capital goods and recurring revenue, SEK M |
Jan-Mar 2025 |
Jan-Mar 2024 |
Org Δ, % | Jan-Dec 2024 |
|---|---|---|---|---|
| Capital goods | 2.481 | 2.415 | 2.1 | 12.421 |
| Recurring revenue™ | 5.839 | 5.098 | 8.1 | 22,338 |
| Total | 8.370 | 7.513 | 6.2 | 34,759 |
1) Consumables, service and spare parts

| Jan-Mar | Jan-Mar | Jan-Dec | ||
|---|---|---|---|---|
| SEK M | 2025 | 20224 | 2024 | |
| Net sales | 8,320 | 7,513 | 34,759 | |
| Adjusted gross profit | 4,337 | 3,855 | 17,409 | |
| Margin, % | 52.1 | 51.3 | 50.1 | |
| Adjusted operating expenses | -2,895 | -2,600 | -10,764 | |
| Adjusted EBITDA | 1,442 | 1,255 | 6,646 | |
| Margin, % | 17.3 | 16.7 | 19.1 | |
| Depreciation, amortization and write-downs of | ||||
| intangible assets and tangible assets1) | -439 | -413 | -1,776 | |
| Adjusted EBITA | 1,003 | 842 | 4,869 | |
| Margin, % | 12.1 | 11.2 | 14.0 | |
| A Amortization and write-down of acquired | ||||
| intangible assets1) | -107 | -58 | -320 | |
| Adjusted EBIT | :35 | 784 | 4,549 | |
| Margin, % | 10.8 | 10.4 | 13.1 | |
| ન્ર | Acquisition and restructuring costs | -298 | -29 | -898 |
| C Other items affecting comparability2) | -797 | |||
| Operating profit (EBIT) | 598 | 755 | 2,854 | |
| Net financial items | -170 | -17 | -571 | |
| Profit before tax | 428 | 638 | 2,282 | |
| Adjusted profit before tax | ||||
| (adjusted for A, B and C) | 833 | 726 | 4,298 | |
| Margin, % | 10.0 | 9.7 | 12.4 | |
| Taxes | -124 | -174 | -628 | |
| D Tax on adjustment items2) | -12 | -24 | -459 | |
| Adjusted net profit for the period | 597 | 528 | 3,211 | |
| (adjusted for A, B, C and D) | ||||
| Margin, % | 7.2 | 7.0 | 9.2 | |
| Of which, attributable to Parent Company | ||||
| shareholders | 593 | 522 | 3,195 | |
| Average number of shares, thousands | 272,370 | 272,370 | 272,370 | |
| Adjusted earnings per share, SEK | ||||
| (adjusted for A, B, C and D) | 2.18 | 1.92 | 11.73 | |
GETINGE *
1) Excluding items affecting comparability, see Note 4 Depreciation, amortization and write-downs.
2) See Note 6 Adjustment items.
| SEK M | Jan-Mar 2025 |
Jan-Mar 2024 |
Jan-Dec 2024 |
|---|---|---|---|
| Acute Care Therapies | 1,012 | 751 | 3,554 |
| Margin, % | 21.2 | 18.9 | 19.8 |
| Life Science | 53 | 93 | 608 |
| Margin, % | 5.5 | 9.7 | 13.4 |
| Surgical Workflows | 49 | 64 | 1,090 |
| Margin, % | 1.9 | 2.5 | 8.9 |
| Group functions and other (incl. eliminations) | -110 | -66 | -383 |
| Total | 1.003 | 842 | 4,869 |
| Margin, % | 12.1 | 11.2 | 14.0 |
1) See Note 4 Depreciation, amortization and write-downs and Note 6 Adjustment items.

• Acute Care Therapies' adjusted EBITA increased by SEK 261 M, due to higher sales, price adjustments and mix effects.
Adjusted EBITA for Surgical Workflows fell by SEK 15 M, mainly due to lower sales and currency.
•
(excluding depreciation, amortization and write-downs and other items affecting comparability)1)
| Jan-Mar | Jan-Mar | Jan-Dec | |
|---|---|---|---|
| SEK M | 20725 | 2024 | 2024 |
| Selling expenses | -1.404 | -1.338 | -5,355 |
| Administrative expenses | -1,075 | -998 | -4,240 |
| Research and development costs | -301 | -294 | -1.332 |
| Other operating income and expenses | -115 | 30 | 164 |
| Total | -2,895 | -2,600 | -10,764 |
| Jan-Mar | |
|---|---|
| SEK M | 2025 |
| Net sales | 83 |
| Adjusted gross profit | 84 |
| Adjusted EBITDA | -81 |
| Adjusted EBITA | -83 |
| Adjusted EBIT | -84 |
| SEK M | Jan-Mar 2025 |
Jan-Mar 2024 |
Jan-Dec 2024 |
|---|---|---|---|
| Cash flow before changes in working | |||
| capital3) | 1,132 | 1,025 | 5,036 |
| Changes in working capital2) | -662 | 224 | -459 |
| Net investments in non-current assets | -310 | -305 | -1,294 |
| Free cash flow | 160 | 944 | 3,284 |
| Net interest-bearing cash/debt | 9,731 | 7,649 | 10,467 |
| In relation to adjusted EBITDA1) R12M, | |||
| multiple | 1.4 | 1.4 | 1.6 |
| Net interest-bearing cash/debt excl. provisions for pensions and similar |
|||
| obligations | 7,279 | 4,974 | 7,766 |
| In relation to adjusted EBITDA1) R12M, | |||
| multiple | 1.1 | 0.9 | 1.2 |
| SEK M | Jan-Mar 2025 |
Jan-Mar 2024 |
Jan-Dec 2024 |
|---|---|---|---|
| Research and development costs | -477 | -455 | -1,992 |
| Amortization, depreciation and write-downs | -17 | -16 | -99 |
| Research and development costs, gross | -494 | -471 | -2,091 |
| In relation to net sales, % | 5.9 | 6.3 | 6.0 |
| Capitalized development costs | 176 | 160 | 660 |
| In relation to net sales, % | 2.1 | 2.1 | 1.9 |
| Research and development costs, net | -318 | -311 | -1.431 |
| Amortization and write-down of capitalized development costs1) |
-100 | -92 | -707 |

This interim report reflects Getinge's double materiality assessment and is based on the ESRS structure to present the company's impact, risks and opportunities from a social, environmental and governance perspective. The aim is to continuously work to minimize the negative impact on people and the environment and to generate sustainable value for customers, employees and other stakeholders.
| R12 Mar | R12 Mar | Jan-Dec | |||
|---|---|---|---|---|---|
| Key areas | 20251) | 20241) | A, %2) | 2024 | A, %3) |
| Environment, Climate & Energy | |||||
| Scope 1 & 2 GHG emissions in production, ton CO2equivalents 7 |
3,891 | 4,865 | -20.0 | 4,163 | -6.5 |
| Total energy consumption in production, MWh7 |
76,472 | 78,417 | -2.5 | 77,117 | -0.8 |
| Percentage of renewable energy of total energy, %7 |
72 | 66 | 6.0* | 70 | 2.0* |
| Water consumption in sites located in water scarce areas, m34) |
102,894 | 85,699 | 20.1 | 97,710 | 5.3 |
| Social | |||||
| Own workforce | |||||
| Employee engagement, %5) | 71 | 71 | 0.0* | 71 | 0.0* |
| Percentage of female employees, %6% | 37.7 | 36.8 | 09* | 37.7 | 0.0* |
| Percentage of female managers, %6) | 34.3 | 34.1 | 0.2* | 34.5 | -0.2* |
| Work Related Accident Rate. WRAR | 0.90 | 0.89 | 1.1 | 0.92 | -2.2 |
| Consumers and end-users | |||||
| Regulatory compliance, audit findings per audit for quality systems7 |
1.7 | 2.2 | -20.3 | 25 | -31.2 |
| Product quality, field actions per SEK billion in net revenue7) |
1.3 | 1.7 | -229 | 1.2 | 7.0 |
| Online customer training7) | 49,962 | 45,535 | 9.7 | 48,486 | 3.0 |
| Governance | |||||
| Business ethics | |||||
| Percentage of employees who completed training in business ethics |
91 | 89 | 2.0* | 90 | 1.0* |
*) Change in percentage points
1) R12 = Rolling 12 months
2) Index R12 Mar 2025/R12 Mar 2024
3) Index R12 Mar 2025/Jan-Dec 2024
4) The production sites in scope for the target are those located in areas of high water stress defined as "high" and "extremely high" according to WRI Water Risk Atlas tool Acqueduct. Eight of the company's production sites are located in areas of high water stress.
5) Measured and updated every six months
6) Amount at end of period
7) During 2024, data was recalculated. See Getinge's Sustainability Report 2024 for more details

Acute Care Therapies offers world-leading solutions for life support in acute health conditions. The offering includes solutions for cardiovascular procedures, efficient handling of organs for transplantation and a broad selection of products and therapies for intensive care.
| Order intake regions, SEK M Americas |
Jan-Mar 2025 2.747 |
Jan-Mar 2024 2.093 |
Org Δ, % 17.7 |
Jan-Dec 2024 9.120 |
|---|---|---|---|---|
| APAC | 949 | 967 | -2.7 | 3.897 |
| EMEA | 1,228 | 1,184 | 2.9 | 4.702 |
| Total | 4,924 | 4.243 | 8.6 | 17,719 |
| Net sales regions, SEK M |
Jan-Mar 2025 |
Jan-Mar 2024 |
Org Δ, % | Jan-Dec 2024 |
| Americas | 2650 | 7 034 | 15 7 | 973 |
| NE 3d 65 regions, SEK M |
Jall-Mar 2025 |
Jal Fividi 2024 |
Org Δ, % | ATTUGG 2024 |
|---|---|---|---|---|
| Americas | 2.650 | 2.034 | 15.7 | 9,223 |
| APAC | 1,024 | 879 | 15.5 | 3,983 |
| EMEA | 1,101 | 1.055 | 3.4 | 4,742 |
| Total | 4,775 | 3,969 | 12.4 | 17,948 |
| capital goods and recurring revenue, SEK M |
Jan-Mar 20725 |
Jan-Mar 2024 |
Org Δ, % | Jan-Dec 2024 |
|---|---|---|---|---|
| Capital goods | 1.037 | 889 | 15.5 | 4,318 |
| Recurring revenue1) | 3,737 | 3,080 | 11.5 | 13,631 |
| Total | 4,775 | 3,969 | 12.4 | 17,948 |
1) Consumables, service and spare parts
| SEK M | Jan-Mar 20725 |
Jan-Mar 2024 |
Jan-Dec 2024 |
|---|---|---|---|
| Net sales | 4,775 | 3.969 | 17,948 |
| Adjusted gross profit | 2,894 | 2,389 | 10.417 |
| Margin, % | 60.6 | 60.2 | 58.0 |
| Adjusted EBITDA | 1,236 | 967 | 4,474 |
| Margin, % | 25.9 | 24.4 | 24.9 |
| Depreciation, amortization and write-downs of intangible assets and tangible assets |
-274 | -216 | -920 |
| Adjusted EBITA | 1,012 | 751 | 3,554 |
| Margin, % | 21.2 | 18.9 | 19.8 |
1) See Note 4 Depreciation and write-downs and Note 6 Items affecting comparability for other items affecting comparability.
• The organic order intake for Acute Care Therapies increased strongly during the quarter, mainly for ventilators in Critical Care and consumables in ECLS.
• Life Science's organic order intake fell following a decline in all product categories except for double-digit growth in Sterile Transfer.
Life Science offers a comprehensive range of equipment, technical expertise and consultation to prevent contamination in pharmaceutical and medical device production and with the aim to strengthen integrity of results in biomedical research.
| Order intake regions, SEK M |
Jan-Mar 2025 |
Jan-Mar 2024 |
Org Δ, % | Jan-Dec 2024 |
|---|---|---|---|---|
| Americas | 336 | 436 | -24.7 | 1,862 |
| APAC | 108 | 162 | -34.0 | 573 |
| EMEA | 534 | 515 | 3.8 | 2,166 |
| Total | 978 | 1,113 | -12.9 | 4,601 |
| Net sales | Jan-Mar | Jan-Mar | Jan-Dec | |
| regions, SEK M | 2025 | 2024 | Org Δ, % | 2024 |
| Americas | 369 | 441 | -18.2 | 1,937 |
| APAC | 108 | 94 | 14.6 | 559 |
| EMEA | 473 | 479 | 10.3 | 2,057 |
| 1166 OMING ONGAIIIVA NY capital goods and recurring revenue, SEK M |
Jan-Mar 2025 |
Jan-Mar 2024 |
Org Δ, % | Jan-Dec 2024 |
|---|---|---|---|---|
| Capital goods | 312 | 343 | -9.7 | 1,970 |
| Recurring revenue1) | 638 | 621 | 1.8 | 2,582 |
| Total | 950 | 964 | -2.3 | 4,552 |
1) Consumables, service and spare parts
| SEK M | Jan-Mar 2025 |
Jan-Mar 2024 |
Jan-Dec 2024 |
|---|---|---|---|
| Net sales | 950 | 964 | 4,552 |
| Adjusted gross profit | 374 | 391 | 1,808 |
| Margin, % | 39.4 | 40.5 | 39.7 |
| Adjusted EBITDA | 108 | 144 | 818 |
| Margin, % | 11.4 | 14.9 | 18.0 |
| Depreciation, amortization and write-downs of | |||
| intangible assets and tangible assets | -56 | -50 | -211 |
| Adjusted EBITA | 53 | 93 | 608 |
| Margin, % | 5.5 | 9.7 | 13.4 |
1) See Note 4 Depreciation, amortization and Note 6 Items affecting comparability for other items affecting comparability.

Surgical Workflows offers products and solutions to serve as an end-to-end partner for optimizing the quality, safety and capacity usage of the sterile supply departments and operating rooms.
Order intake Jan-Mar Jan-Mar Jan-Dec regions, SEK M 2025 2024 Org Δ, % 2024 1.001 Americas 1,008 -2.5 4.206 APAC 473 550 -14.5 2,561 FMFA 1.255 1.145 98 5.145 Total 0.3 2,730 2,702 11,912 Net sales Jan-Mar Jan-Mar Jan-Dec
| regions, SEK M | 2025 | 2024 | Org Δ, % | 2024 |
|---|---|---|---|---|
| Americas | 1.028 | 989 | 2.1 | 4.356 |
| APAC | 510 | 513 | -0.9 | 2,519 |
| EMEA | 1.056 | 1.077 | -2.0 | 5,383 |
| Total | 2,595 | 2,579 | -0.2 ' | 12,258 |
| capital goods and recurring revenue, SEK M |
Jan-Mar 2025 |
Jan-Mar 2024 |
Org Δ, % | Jan-Dec 2024 |
|---|---|---|---|---|
| Capital goods | 1.132 | 1,183 | -4.7 | 6,133 |
| Recurring revenue1) | 1.463 | 1,396 | 3.6 | 6,125 |
| Total | 2,595 | 2,579 | -0.2 | 12,258 |
1) Consumables, service and spare parts
| Jan-Mar | Jan-Mar | Jan-Dec | |
|---|---|---|---|
| SEK M | 20725 | 2024 | 2024 |
| Net sales | 2,595 | 2.579 | 12,258 |
| Adjusted gross profit | 1,068 | 1.076 | 5,185 |
| Margin, % | 41.2 | 41.7 | 42.3 |
| Adjusted EBITDA | 205 | 209 | 1,728 |
| Margin, % | 7.9 | 8.1 | 14.1 |
| Depreciation, amortization and write-downs of | |||
| intangible assets and tangible assets | -157 | -144 | -638 |
| Adjusted EBITA | 49 | 64 | 1,090 |
| Margin, % | 1.9 | 2.5 | 8.9 |
1) See Note 4 Depreciation, amortization and Note 6 Items affecting comparability for other items affecting comparability.

On April 2, US President Donald Trump announced a comprehensive global tariff program. Getinge is actively monitoring and adapting its operations in response to ongoing developments. The Group has a good overview of its supply chain and thus also the impact of tariffs and other trade barriers. Getinge has a geographically diversified procurement and manufacturing strategy, which can partly mitigate potential negative consequences.
Getinge's sales and earnings are affected by seasonal variations. The highest net sales are usually generated in the fourth quarter, followed by the second, third and first quarters. The shares of sales derived from capital goods and recurring revenue also normally changes during the year, with a higher share of sales of capital goods toward the end of the year.
Getinge carried out normal commercial transactions with companies in the Carl Bennet AB sphere, which comprised the sale and purchase of goods and services. In addition, no other significant transactions with related parties occurred during the period other than transactions with subsidiaries.
This report contains forward-looking information based on the current expectations of company management. Although management deems that the expectations presented by such forwardlooking information are reasonable, no guarantee can be given that these expectations will prove correct. Accordingly, the actual future outcome could vary considerably compared with what is stated in the forward-looking information, due to such factors as changed conditions regarding finances, market and competition, changes in legal and regulatory requirements and other political measures, and fluctuations in exchange rates.
· All employees are properly trained in Business ethics *Base year 2021

| Description | Potential consequences | Management | |
|---|---|---|---|
| External shocks, such as geopolitical risks, natural disasters, terrorism, pandemics, etc. |
Rapidly emerging situations, which could affect large geographical areas, a single country, a region or a specific addition, operations can be facility. |
The primary risk of such events is that employees could be injured. In disrupted, which could have a negative impact on sales and earnings. Price increases for customers is another scenario. |
Active business intelligence can identify some of these risks at anearly stage, which enables the Group to adapt to the changed circumstances. The Group is working actively on continuity risks. This also includes scenarios based on external shocks as part of Getinge's proactive risk management. Getinge conducts operations in Russia in accordance with international sanctions and regulations via a small sales company. The activities in the country are currently limited to fulfilling existing customer commitments. However, the circumstances for conducting operations in the country have gradually deteriorated. Getinge does not conduct any manufacturing operations in either Russia or Ukraine and has no major suppliers in these countries. When Russia invaded Ukraine in 2022, the Group's sales in Russia and Ukraine represented less than 1% of the Group's total net sales and equity. Despite the limited direct impact that the invasion has had on Getinge's operations in Russia and Ukraine, the Russian invasion of Ukraine may nevertheless have a negative impact on the development of the Group's earnings and position. However, it is difficult at the current time to assess the future consequences of the conflict and its impact on the Group. |
| Getinge is monitoring and actively adapting its operations based on current developments regarding higher trade barriers, such as tariffs. The Group has a good overview of its flow of goods and thus also the impact of tarifts and other trade barriers. Getinge has a geographically diversified purchasing and production strategy which partly can help to mitigate any negative consequences. |
|||
| Interruptions in supply chains / dependence on external suppliers |
Critical components manufactured by external suppliers are a vital part of Getinge's production chain. Serious production disruptions may arise if these components are not supplied on schedule. |
not be delivered to customers, which may make it difficult or impossible to provide necessary healthcare. |
As a consequence, vital equipment may Getinge can state that there is a risk of temporary business interruptions, for example, due to supply constraints for key components such as semiconductors, as a result of the uncertain global security situation. Getinge actively monitors critical suppliers, starting as early as when the partnership is established and continuing with routine evaluations. The Purchasing organization has tools for assessing risk and receives regular training in this area. The Group also works on ensuring that it has adequate levels of critical components in stock, in its own operations or with the relevant supplier. Interruptions of critical deliveries are managed as an important part of activities related to business continuity risks. See "Business interruptions." |
| Risks related to healthcare reimbursement systems |
Political decisions can change the conditions for healthcare through changed reimbursement models for healthcare providers. |
Changes to reimbursement systems could have significant effects on specific markets, with budget cuts or deferred funding potentially impacting the operations. |
Although it is difficult to influence this risk directly, since decisions are outside the Group's control, it is mitigated by the presence in a large number of markets, which reduces the overall impact of individual changes. |
| New competitors and new technologies |
Certain markets and product segments have niche players who offer solutions outside customary market behavior. |
These competitors could capture market shares from established companies, including Getinge, which could result in lower sales and earnings. |
Through continuous innovative development and market analysis, Getinge strives to be at the forefront, identify potential competitors and adapt to technological changes. The industry is also considered to have high barriers to entry since medical devices are subject to extensive regulatory requirements. |
| Increased expectations and new laws and regulations related to sustainability |
The sustainability requirements and expectations placed on Getinge as a is increasing rapidly. |
Getinge's failure to meet the ever-more stringent environmental, social and company are changing, and the scope governance requirements could have negative consequences on the company's reputation, operations and financial earnings. It may also impact the company's ability to recruit and retain competent staff, and risk disqualifying the company from participating in tenders with specific requirements. |
By engaging with stakeholders and improving its materiality assessment and ERM process, Getinge increases its understanding of the expectations placed on the company. It is also beneficial that the company has adopted the focus areas that are to be prioritized moving forward. In addition, the company has developed its sustainability framework, tocusing on the products and solutions placed on the market to ensure quality and corporate responsibility. This also leads to employee engagement. The company reports annually on its performance in sustainability in a transparent manner and is making preparations ahead of the forthcoming CSRD. |
| Increasing competition for public funds |
Reduced public budgets for investing in medical devices impacts the total market potential. |
Increased competition for limited public funds may lead to reduced funding for medical device investments, constrained. which in turn negatively impacts Getinge's sales figures. |
Getinge works actively to offer solutions that improve the efficiency of healthcare, which is believed to generate healthy demand even where budgets are |

| Description | Potential consequences | Management | |
|---|---|---|---|
| Quality risks from a regulatory perspective |
A large part of Getinge's product range is It cannot be ruled out that Getinge's subject to strict legislation requiring extensive assessments, quality controls and detailed documentation. |
operations, financial position and earnings may be negatively impacted in the future if the company is unable to comply with regulatory requirements or if these requirements change. |
To limit these risks, Getinge conducts extensive quality and regulatory activities. The Quality Compliance, Regulatory & Medical Affairs function has a representative in the Getinge Executive Team and also on the management teams of each business area, and in all R&D and production units. In addition, Getinge's sales force and service technicians receive quality and regulatory training every other year, and then have their certification renewed, which is a requirement for representing the company. Getinge conducts extensive research and development to ensure that the product portfolio meets all existing and future quality and regulatory requirements. The majority of the production facilities have ISO 13485 and/or ISO 9001 certification. In summary, Getinge invests significant resources in quality and regulatory matters, which is a top priority of the Group's strategy. As previously reported in the first quarter of 2023, the notifying body TUV SUD decided to temporarily suspend the CE certificate for Getinge's HLS and PLS sets for ECLS therapy and for Getinge's intra-aortic balloon pumps. As a result, the company initiated corrective actions to regain CE certification for these products. At the end of September 2024, TUV SUD reinstated Getinge's CE certificate for HLS and PLS sets, with certain conditions. The temporary suspension of Getinge's Cardiosave Intra-Aortic Balloon Pump, effective from March 2024, was extended until July 1, 2025. On May 8, 2024, the FDA sent a letter to healthcare providers in the US. The letter does not refer to any new field actions, but healthcare providers are encouraged to move from using Getinge's Cardiosave, Cardiohelp and HLS sets to alternative products and to continue to use Getinge's products only if no other options are available. As a result of the FDA's letter, Getinge has decided to suspend marketing activities for the relevant products in the US until outstanding actions related to quality improvements have been taken and approved. Sales of these products are restricted to customers who do not have any other alternatives. On November 15, 2024, the FDA published a Letter to Health Care Providers on its website, reminding them of the voluntary medical device removal and supply concerns related to all of Getinge's VasoView Hemopro Endoscopic Vessel Harvesting (EVH) Systems. Actions are being taken as agreed with the FDA. |
| a customer perspective |
Product quality from In certain cases, Getinge's products do not meet customer expectations. |
Product quality shortcomings could lead to customer seeking out alternative suppliers, which in turn could negatively impact sales and profitability over time. |
Getinge applies a far-reaching quality process to ensure a high and even level of quality, which is an ongoing process that results in continuous improvements. When quality fails, it is important to rapidly rectify the fault during the first service visit. Getinge closely monitors the "first-time fix" factor of its services operations and works actively to make improvements. |
| Product liability risks Healthcare suppliers run a risk, like other Such claims can involve large players in the healthcare industry, of being subject to product liability and other legal claims. |
amounts and significant legal expenses. Getinge carries the customary indemnity and product liability insurances, but there is a risk that this insurance coverage may not tully cover product liability and other claims. |
The most important way of managing these risks is the extensive quality-related and regulatory activities performed by the Group. Sources of potential future claims for damages are monitored through active incident reporting. Corrective and protective action (CAPA) is initiated when necessary to investigate the underlying cause, after which the product design may be corrected to remedy the tault. The settlement process regarding the Multidistrict Litigation (MDL) for surgical mesh implants, which Getinge announced previously, has been completed and payment of the majority of the settlement amount was made in the first quarter of 2023. The settlement is not an admission of liability or wrongdoing by the company. Getinge will continue to defend against any litigation that cannot be resolved under the final agreement. Costs for such processes are not expected to be material. |
|
| security | Information and data Leaks of confidential information or hacking into the Group's IT system resulting in restricted availability or interruptions of business-critical systems. In this context, extortion or sabotage cannot be excluded either. |
business interruptions. A loss of sensitive information may adversely affect confidence in the company. Leaks of personal data could lead to high fines. |
Hacking into IT systems could lead to Getinge has global IT services that ensure efficiency, coordination and security. Getinge's IT structure in production is largely decentralized, which reduces the consequences of certain cyber risks by spreading the risks across different systems. Getingehas centralized identity management and conducts extensive surveillance and monitoring of the central infrastructure to quickly detect and counteract security threats via its security operations center (SOC). Getinge regularly trains all employees to reduce cyber risks based on human factors. |
| Deficiencies in cybersecurity |
Security deficiencies in the Group's digital offering, such as connected machines at customer sites and stricter legal requirements for processing personal data. In this context, extortion or sabotage cannot be excluded either. |
Restricted availability of equipment delivered by Getinge to its customers, which could result in interruptions to the hospital operations and it not being possible to offer patients sufficient care in critical situations. |
Getinge works diligently and systematically, following a risk-based approach, to ensure the integrity of its connected equipment. By continuously evaluating and prioritizing security risks, we can effectively protect both our systems and our customers' data. Comprehensive access testing is carried out before these solutions are offered to the Group's customers so as to identify and rectify potential vulnerabilities. |
| Business interruptions |
Unforeseen events, such as natural disasters or fires, etc. can cause disruptions to production or the supply chain. |
Such events may result in costly or delayed deliveries or non-delivery of products to Getinge's customers, which may adversely affect the Group's earnings. |
Getinge takes continuous preventive action to ensure a high level of availability and delivery reliability, including regular inspections of the production facilities with the help of external expertise. |
| mainly on business ethics |
Non-compliance with Breaches of laws and regulations related Breaches of these regulations could laws and regulations to, for example, competition, anti- corruption, Al, cyber security, data protection or trade restrictions. |
lead to fines, sanctions and have a | Getinge has previously provided information about ongoing investigations and agreements with the authorities regarding anti-competitive procedures in the sale negative impact on the Getinge brand. of medical devices in Brazil. The Brazilian federal authority, Comptroller General of the Union (CGU), is still ongoing. During the third quarter of 2024, Getinge made, in line with applicable accounting standards, a provision of SEK 482 M related to anticipated costs related to this process. The provision is the result of an ongoing constructive dialogue to reach a conclusion in the negotiations with the CGU. The final and definitive costs will be determined once the negotiations have been concluded, and such an amount could be lower or higher than the provision that has now been made. No information emerged in the first quarter of 2025 that would cause a change in the provision. |

In addition to the investigations with CGU, Getinge has previously communicated that settlement agreements have been reached with the Brazilian Federal Prosecutor's Office (Ministério Público Federal) in 2018 and the competition authority, Administrative Council for Economic Defense (CADE) in 2019, both related to anti-competitive practices relating to the sale of medical devices. It cannot be ruled out that any further agreements with authorities may have a material impact on the company's financial earnings and position, but cannot currently be estimated neither in terms of amount nor timing. Getinge has a zero tolerance policy when it comes to contraventions of these regulations. The Group's Code of Conduct is very clear in this respect.
The EVP Sustainability, Legal & Compliance represents the Ethics & Compliance function on the Getinge Executive Team, which highlights the high priority of these issues. A training program in business ethics is provided on an ongoing basis and
the aim is for all employees to undergo such training at least once a year. The regulations also apply to external distributors who sell Getinge products.
Getinge is dependent on meeting the climate targets set to reach net zero emissions by 2050 that were approved by the SBTi. Getinge's analysis shows that the majority of emissions come from the purchases of goods, logistics and the use of sold products. As a result, the company does not have full control over its emissions and cannot therefore directly control their reduction.
Dependence on meeting climate targets
Getinge is dependent on meeting the If Getinge does not meet its climate climate targets set to reach net zero targets, it could have a significant emissions by 2050 that were approved by negative impact on the company's the SBTi. Getinge's analysis shows that reputation and operations, in
the majority of emissions come from the addition to negative climate impacts. purchases of goods, logistics and the use of sold products. As a result, the company does not have full control over its emissions and cannot therefore directly control their reduction.

| Description | Potential consequences | Management | |
|---|---|---|---|
| Lack of future skills | Risk of dependency on key people including lack of succession planning and ineffective processes to identify and spread critical know-how within the organization. Also the risk of being unable to attract and retain the right talent and skills. |
A lack of future skills could lead to higher staff turnover, operational disruptions and damage the Getinge brand. In the future, it may have a negative impact on Getinge's long-term sustainability and growth, and ultimately affect Getinge's ability to attract and retain talent. |
Getinge is continuously improving the succession planning process to ensure the global development of talent. Getinge is focusing on talent mobility and knowledge sharing and strives to create a culture and leadership that attracts both new and existing talent. Getinge's aim is to be a company where everyone can thrive and grow. |
| Digitization and innovation |
Getinge's future growth depends on successful product development, particularly in digitalization. Innovation is crucial for maintaining and strengthening the company's leading position. |
Innovation efforts are costly and it is not possible to guarantee that developed products will be commercially successful, which could result in impairment. In the long term, the Group's market position could be negatively affected it Getinge is unsuccessful in this area. |
As a means of maximizing the return on investments in research and development, the Group applies a structured selection and planning process that includes careful analyses of the market, technological progress, choice of production method and selection of subcontractors. The actual development work is also conducted in a structured manner and each project undergoes a number of fixed controls. Getinge is particularly concerned with ensuring access to the right skills, retaining key individuals, being an attractive employer to recruit talent externally, and identifying and developing talent within the organization. |
| Fragmented product portfolio |
Getinge's product portfolio consists, to a certain extent, of a large number of acquisitions that were made throughout the years within a variety of product categories. |
An offering to our customers that, in certain parts, is too diverse could lead to Getinge lacking the critical mass needed to conduct fully efficient operations in all product categories. |
Efforts are being made to enhance the efficiency of the customer offering under the framework of the ongoing strategic activities in each business area. The introduction of the new EU Medical Device Regulation means priorities need to be made regarding the certification of products under the new regulatory framework. Products have been selected that, over the long term, will be a part of the customer offering, which will lead to increased concentration as well as streamlining. |
| Risks related to intellectual property rights |
Getinge's leading positions in many product segments are based on patent and trademark rights, which could lead to disputes with competitors. |
Costly disputes over intellectual property rights could reduce the return on investment in research and development. It cannot be ruled out that the costs that could arise associated with this could be material. |
Getinge closely monitors the activities of its competitors and actively defends its intellectual property rights through legal processes if necessary. |
| Financial risks | Getinge is exposed to a number offinancial risks in its operations. Financial risks principally pertain to currency risks, interest-rate risks, and credit and counterparty risks. |
Fluctuations in exchange rates and interest rates and changes in counterparties' credit profiles could adversely affect the Group's income statement and balance sheet. |
Risk management is regulated by the tinance policy adopted by the Board and a Treasury directive decided by the Getinge Executive Team based on the finance policy. The ultimate responsibility for managing the Group's financial risks and developing methods and principles of financial risk management lies with the Getinge Executive Team and the treasury function. For more detailed information concerning these risks, refer to Note 18 of the Annual Report. |
| Profitability dependent on certain products and markets |
Some products and markets contribute more to overall profitability. |
It sales volumes in these markets were to decrease, it could have a negative impact on the Group's profitability. |
Getinge works actively to monitor profitability per product and market in order to ensure profitability over time. To reduce the sensitivity of profitability, the Group actively works on ensuring that it has the right cost level in relation to the current price levels in the market. Getinge also works actively to establish itself in new markets. |
| Transferring the product portfolio |
Long lead times in research and development due to comprehensive regulations and long validation processes are hampering rapid development to more sustainable product and packaging solutions. The medical device market is strictly regulated, partly to ensure patient safety, which can affect how quickly Getinge's products can become sustainable. |
If it is not possible to transfer Getinge's product and packaging solutions to more sustainable solutions quickly enough, there is a risk that Getinge's reputation and competitiveness could decline. |
Getinge will always prioritize patient safety and follow applicable regulations. Without impacting our fundamental approach, the company has expanded the implementation of eco-design principles into its development process and has begun to carry out life cycle assessments of its product and packaging solutions to ensure that advances can be made when the opportunity arises. |

The Board of Directors and CEO assure that the interim report provides a true and fair review of the Parent Company and the Group's operations, position and earnings and describes the material risks and uncertainties faced by the Parent Company and the Group.
Gothenburg, April 22, 2025
Johan Malmquist Chairman, AGM-elected Board member
Carl Bennet Vice Chairman, AGM-elected Board member
Cecilia Daun Wennborg AGM-elected Board member
Dan Frohm AGM-elected Board member
Kristian Samuelsson AGM-elected Board member
Fredrik Brattborn Board member Representative of the Swedish Metalworkers' Union
Malin Persson
AGM-elected Board member
This interim report is unaudited.
Åke Larsson Board member Representative of the Swedish Association of Graduate Engineers
Johan Bygge AGM-elected Board member
Mattias Perjos President & CEO, AGM-elected Board member
| Jan-Mar | Jan-Mar | Jan-Dec | ||
|---|---|---|---|---|
| SEK M | Note | 2025 | 2024 | 2024 |
| Net sales | 2,3 | 8,320 | 7,513 | 34,759 |
| Cost of goods sold | -4,225 | -3,880 | -18,606 | |
| Gross profit | 2, 3, 4 | 4,095 | 3,632 | 16,153 |
| Selling expenses | -1,586 | -1,468 | -5,979 | |
| Administrative expenses | -1,180 | -1,099 | -4,654 | |
| Research and development costs | -318 | -311 | -1,431 | |
| Acquisition costs | -2 | 0 | -50 | |
| Restructuring costs | -296 | -29 | -848 | |
| Other operating income and expenses | -115 | 30 | -336 | |
| Operating profit (EBIT) | 3, 4 | 598 | 755 | 2,854 |
| Net financial items | 3 | -170 | -17 | -571 |
| Profit after financial items | 3 | 428 | 638 | 2,282 |
| Taxes | -124 | -174 | -628 | |
| Net profit for the period | 304 | 464 | 1,654 | |
| Attributable to: | ||||
| Parent Company shareholders | 300 | 459 | 1,638 | |
| Non-controlling interests | 4 | 5 | 16 | |
| Net profit for the period | 304 | 464 | 1,654 | |
| Earnings per share, SEK1) | 1.10 | 1.69 | 6.01 | |
| Weighted average number of shares for calculation of earnings per share (000s) |
272,370 | 272,370 | 272,370 |
1) Before and after dilution
| SEK M | Jan-Mar 2025 |
Jan-Mar 2024 |
Jan-Dec 2024 |
|---|---|---|---|
| Net profit for the period | 304 | 464 | 1,654 |
| Other comprehensive income | |||
| Items that cannot be restated in profit for the period | |||
| Actuarial gains/losses pertaining to defined-benefit pension plans | 102 | 67 | 31 |
| Tax attributable to items that cannot be restated in profit | -29 | -15 | -3 |
| Items that can later be restated in profit for the period | |||
| Translation differences | -2,430 | 1,447 | 2,063 |
| Hedging of net investments | -518 | 305 | 393 |
| Cash flow hedges | 2 | -4 | 12 |
| Tax attributable to items that can be restated in profit | 106 | -62 | -83 |
| Other comprehensive income for the period, net after tax | -2,766 | 1,739 | 2,412 |
| Total comprehensive income for the period | -2,462 | 2,203 | 4,066 |
| Comprehensive income attributable to: | |||
| Parent Company shareholders | -2,452 | 2,191 | 4,038 |
| Non-controlling interests | -10 | 12 | 28 |
| Total comprehensive income for the period | -2,462 | 2,203 | 4,066 |

| SEK M | Note | ાયતઘરો આવેલા ગુજરાત રાજ્યના ભારત ગુજરાત ગામના લોકોનો મુખ્ય વ્યવસાય ખેતી, ખેતમજૂરી તેમ જ પશુપાલન છે. આ ગામના લોકોનો મુખ્ય વ્યવસાય ખેતી, ખેતમજૂ 2025 |
પરા બાજરી, રાજ્યના મધ્યમાં આવેલા ગુજરાત રાજ્યના ગુજરાત રાજ્યના ગુજરાત રાજ્યના ગુજરાત રાજ્યના ગુજરાત રાજ્યના ગુજરાત રાજ્યના ગુજરાત રાજ્યના ગુજરાત રાજ્યના ગુજરાત 2024 |
December 51 2024 |
|---|---|---|---|---|
| Assets | ||||
| Intangible assets | 35,991 | 32,301 | 39,242 | |
| Tangible assets | 3,598 | 3,876 | 3,902 | |
| Right-of-use assets | 1,590 | 1,780 | 1,795 | |
| Financial assets | 49 | 66 | 47 | |
| Deferred tax assets | 878 | 949 | 770 | |
| Inventories | 6,650 | 7,123 | 6,590 | |
| Accounts receivable | 5,265 | 4,879 | 6,348 | |
| Other current receivables | 2,046 | 1,987 | 2,263 | |
| Cash and cash equivalents | 7 | 4,203 | 3,358 | 2,961 |
| Total assets | 60,270 | 56,320 | 63,918 | |
| Equity and liabilities | ||||
| Equity | 30,748 | 32,603 | 33,210 | |
| Provisions for pensions and similar obligations, interest-bearing | 7 | 2,452 | 2,675 | 2,700 |
| Lease liabilities | 7 | 1,595 | 1,776 | 1,800 |
| Other interest-bearing liabilities | 7 | 9,887 | 6,555 | 8,927 |
| Deferred tax liabilities | 1,998 | 1,765 | 2,172 | |
| Other provisions, long-term | 420 | 501 | 615 | |
| Other non-interest-bearing liabilities, long-term | 1,501 | 193 | 1,892 | |
| Other provisions, current | 1,939 | 1,149 | 1,714 | |
| Accounts payable | 2,221 | 2,376 | 2,398 | |
| Other non-interest-bearing liabilities, current | 7,509 | 6,725 | 8,488 | |
| Total equity and liabilities | 60,270 | 56,320 | 63,918 |
| Other capital |
Retained | Non- controlling |
Tota | ||||
|---|---|---|---|---|---|---|---|
| SEK M | Share capital | provided | Reserves | earnings | Total | interests | equity |
| Opening balance at January 1, 2024 | 136 | 6,789 | 3,380 | 19,861 | 30,166 | 237 | 30,403 |
| Total comprehensive income for the period | 2,372 | 1,665 | 4,038 | 28 | 4,066 | ||
| Dividend | -1,198 | -1,198 | -29 | -1,228 | |||
| Transactions with non- | |||||||
| controlling interests | -31 | -31 | |||||
| Closing balance at December 31, 2024 | 136 | 6,789 | 5,752 | 20,328 | 33,005 | 205 | 33,210 |
| Opening balance at January 1, 2025 | 136 | 6,789 | 5,752 | 20,328 | 33,005 | 205 | 33,210 |
| Total comprehensive income for the period | -2,825 | 373 | -2,452 | -10 | -2,462 | ||
| Closing balance at March 31, 2025 | 136 | 6,789 | 2,927 | 20,701 | 30,553 | 195 | 30,748 |
1) Reserves pertain to cash flow hedges, hedges of net investments and translation differences.
| SEK M Note 2024 20725 Operating activities Operating profit (EBIT) 598 755 |
2024 2,854 |
|---|---|
| Add-back of depreciation, amortization and write-downs 4 566 471 2,421 |
|
| Other non-cash items2) 3 11 |
808 |
| Add-back of restructuring costs1) 276 29 |
523 |
| Paid restructuring costs -27 -105 |
-288 |
| Financial items3) -118 -17 |
-542 |
| Taxes paid -95 -89 |
-742 |
| Cash flow before changes in working capital 1,025 1,132 |
5,036 |
| Changes in working capital | |
| Inventories -684 -360 |
46 |
| Operating receivables 766 900 |
-712 |
| Operating liabilities3) -744 -316 |
208 |
| Cash flow from operating activities 470 1,249 |
4,577 |
| Investing activities | |
| 9 Acquisition of operations -3 -3,256 -91 |
|
| Investments in intangible assets and tangible assets -313 -308 -1,309 |
|
| Divestment of non-current assets 3 4 |
15 |
| Cash flow from investing activities -4,549 -401 -308 |
|
| Financing activities | |
| Change in interest-bearing liabilities 1,266 -174 |
2,207 |
| Depreciation of lease liabilities -129 -119 |
-506 |
| Change in long-term receivables -2 -1 |
31 |
| Dividend paid | -1,227 |
| Cash flow from financing activities -296 1,136 |
504 |
| Cash flow for the period 1,205 645 |
532 |
| Cash and cash equivalents at the beginning of the period 2,961 2,728 |
2,728 |
| Translation differences 37 -16 Cash and cash equivalents at the end of the neriod 4 203 3 358 |
-299 7 961 |
1) Excluding writed ons on nor-curent assets.
2) The provision for Cardiosave had an impact of SEK 297 M and negotiations with CGU in Brazil had an impact of SEK 482 M in 2

The Group's interim report has been prepared in accordance with IAS 34 Interim Financial Reporting and the Swedish Ant For the Parent Company, the report has been prepared in accordance with the Swedish Act and RFR 2. The accounting policies adopted are consistent with those applied for the 2024 Annual Report and should be read in conjunction with that Annual Report.
For practical reasons, the figures in this internet been rounded off, which is why notes and tables may not total correct amounts. Unless otherwise specified, all figures pertain to SEK M and figures in parentheses pertain to the interim report provides alternative performance measures for monitoring the Group's operations.
| Net sales, SEK M | Jan-Mar 2025 |
Jan-Mar 2024 |
Jan-Dec 2024 |
|---|---|---|---|
| Capital goods | 2,481 | 2,415 | 12,421 |
| Recurring revenue | |||
| Product sales | 4,150 | 3,577 | 15,588 |
| Service assignments incl. spare parts | 1,689 | 1,521 | 6,750 |
| Total recurring revenue | 5,839 | 5,098 | 22,338 |
| Total | 8,320 | 7,513 | 34,759 |
| Jan-Mar | Jan-Mar | Jan-Dec | |
| Net sales, SEK M | 20725 | 2024 | 2024 |
| Revenue recognized at a point in time | 7,394 | 6,678 | 30,791 |
| Revenue recognized over time | |||
| Service | 761 | 660 | 3,025 |
| Profit recognition in ongoing projects | 117 | 132 | 676 |
| Other revenue recognized over time | 48 | 43 | 267 |
| Total revenue recognized over time | 9725 | 835 | 3,968 |
| Total | 8,320 | 7,513 | 34,759 |
| Net sales, SEK M | Jan-Mar 20725 |
Jan-Mar 2024 |
Jan-Dec 2024 |
|---|---|---|---|
| Acute Care Therapies | 4,775 | 3,969 | 17,948 |
| Life Science | 950 | 964 | 4,552 |
| Surgical Workflows | 2,595 | 2,579 | 12,258 |
| Total | 8,320 | 7,513 | 34,759 |
| Gross profit, SEK M | Jan-Mar 2025 |
Jan-Mar 2024 |
Jan-Dec 2024 |
| Acute Care Therapies | 2,769 | 2,273 | 9,615 |
| Life Science | 346 | 364 | 1,696 |
| Surgical Workflows | 979 | 995 | 4,842 |
| Total | 4,095 | 3,632 | 16,153 |
| Operating profit (EBIT), SEK M | Jan-Mar 2025 |
Jan-Mar 2024 |
Jan-Dec 2024 |
| Acute Care Therapies | 692 | 711 | 2,065 |
| Life Science | 38 | 75 | 526 |
| Surgical Workflows | -21 | 36 | 703 |
| Group functions and other (incl. eliminations)1) | -12 | -67 | -440 |
| Operating profit (EBIT) | 598 | 755 | 2,854 |
| Net financial items | -170 | -17 | -571 |
| Profit after financial items | 428 | 638 | 2,282 |
1) Group functions and other refer mainly to central finance, communication, HR and other items, such as eliminations.

| SEK M | Jan-Mar 2025 |
Jan-Mar 2024 |
Jan-Dec 2024 |
|---|---|---|---|
| Acquired intangible assets | -107 | -58 | -320 |
| Intangible assets | -164 | -145 | -928 |
| Right-of-use assets | -136 | -126 | -534 |
| Tangible assets | -159 | -143 | -639 |
| Total | -566 | -471 | -2,421 |
| of which write-downs | -20 | - | -357 |
| SEK M | Jan-Mar 2025 |
Jan-Mar 2024 |
Jan-Dec 2024 |
|---|---|---|---|
| Cost of goods sold | -242 | -223 | -960 |
| Selling expenses | -181 | -130 | -625 |
| Administrative expenses | -105 | -102 | -414 |
| Research and development costs | -17 | -16 | -99 |
| Restructuring costs | -20 | -325 | |
| Tota | -566 | -471 | -2,421 |
| of which write-downs | -20 | -357 |
| SEK M | Jan-Mar 2025 |
Oct-Dec 2024 |
Jul-Sep 2024 |
Apr-Jun 2024 |
Jan-Mar 2024 |
Oct-Dec 2023 |
Jul-Sep 2023 |
Apr-Jun 2023 |
|---|---|---|---|---|---|---|---|---|
| Net sales | 8,320 | 11,071 | 7,870 | 8,305 | 7,513 | 9,903 | 7,607 | 7,176 |
| Cost of goods sold | -4,225 | -6,018 | -4,315 | -4,394 | -3,880 | -5,617 | -4.016 | -4,077 |
| Gross profit | 4,095 | 5,053 | 3,556 | 3,911 | 3,632 | 4,286 | 3,591 | 3.099 |
| Operating expenses | -3,497 | -3,969 | -3,372 | -3,081 | -2,877 | -3,149 | -2,276 | -2,717 |
| Operating profit (EBIT) | 598 | 1,084 | 184 | 830 | 755 | 1,137 | 1,315 | 383 |
| Net financial items | -170 | -173 | -152 | -130 | -117 | -152 | -88 | -78 |
| Profit after financial items | 428 | 911 | 32 | 700 | 638 | 986 | 1,227 | 305 |
| Taxes | -124 | -243 | -24 | -187 | -174 | -267 | -326 | -88 |
| Net profit for the period | 304 | 668 | 00 | 513 | 464 | 719 | 901 | 216 |

| Jan-Mar | Jan-Mar | Jan-Dec | |
|---|---|---|---|
| Adjusted EBITA, SEK M | 20725 | 20224 | 2024 |
| Acute Care Therapies | 1,012 | 751 | 3,554 |
| Life Science | 53 | ರಿ 3 | 608 |
| Surgical Workflows | 49 | 64 | 1,090 |
| Group functions and other (incl. eliminations) | -110 | -66 | -383 |
| Tota | 1,003 | 842 | 4,869 |
| Jan-Mar | Jan-Mar | Jan-Dec | |
| Adjustments of EBITA, SEK M | 2025 | 2024 | 2024 |
| Specification of items affecting comparability that impact EBITA | |||
| Restructuring costs, Acute Care Therapies | -251 | -17 | -715 |
| Restructuring costs, Life Science | 0 | -10 | -35 |
| Restructuring costs, Surgical Workflows | -45 | -2 | -91 |
| Provision for investigations with CGU in Brazil, Acute Care Therapies1) | -289 | ||
| Provision for investigations with CGU in Brazil, Surgical Workflows1 | - | -193 | |
| Provision for field actions for Cardiosave, Acute Care Therapies2) | - | -297 | |
| Other, Acute Care Therapies | -18 | ||
| Group functions and other (incl. eliminations) 3) | -2 | 0 | -57 |
| Total | -298 | -29 | -1,695 |
| Items affecting comparability per segment | |||
| Acute Care Therapies | -251 | -17 | -1,319 |
| Life Science | 0 | -10 | -35 |
| Surgical Workflows | -45 | -2 | -284 |
| Group functions and other (incl. eliminations) | -2 | 0 | -57 |
| Total | -298 | -29 | -1 695 |
1) Reported in Other operating income and operating expenses
2) Reported in Cost of SEK-2 M (0) and restructuring costs of SEK - M (-) for the quarter and acquisition costs
| EBITA, SEK M | Jan-Mar 2025 |
Jan-Mar 2024 |
Jan-Dec 2024 |
|---|---|---|---|
| Acute Care Therapies | 761 | 734 | 2,235 |
| Life Science | 53 | 84 | 573 |
| Surgical Workflows | বা | 62 | 806 |
| Group functions and other (incl. eliminations) | -112 | -67 | -440 |
| Total | 705 | 813 | 3,174 |
| Effect of adjustment of tax, SEK M | Jan-Mar 2025 |
Jan-Mar 2024 |
Jan-Dec 2024 |
|---|---|---|---|
| Amortization and write-down of acquired intangible assets1) | 107 | 58 | 320 |
| Items affecting comparability | 298 | 29 | 1,695 |
| Adjustment items, total | 405 | 87 | 2,016 |
| Tax on adjustment items2) | -112 | -24 | -459 |
| Adjustment for tax items affecting comparability | |||
| Total | -112 | -24 | -459 |
1) Excluding write-downs classified as items affecting comparability
2) Tax effect on tax deductible adjustment items

| SEK M | March 31 2025 |
March 31 2024 |
December 31 2024 |
|---|---|---|---|
| Other interest-bearing liabilities, current | 1.769 | 2.811 | 1.956 |
| Other interest-bearing liabilities, long-term | 8,118 | 3.744 | 6.971 |
| Provisions for pensions and similar obligations, interest-bearing | 2,452 | 2,675 | 2,700 |
| Lease liabilities, current | 450 | 447 | 491 |
| Lease liabilities, long-term | 1.145 | 1,329 | 1,309 |
| Interest-bearing liabilities | 13,934 | 11,007 | 13,428 |
| Less cash and cash equivalents | -4,203 | -3,358 | -2,961 |
| Netinterest-bearing cash/debt | 9,731 | 7.649 | 10,467 |
| Jan-Mar | Jan-Mar | Jan-Dec | |
|---|---|---|---|
| Financial and operative key figures | 2025 | 2024 | 2024 |
| Key figures based on Getinge's financial targets | |||
| Adjusted earnings per share1), SEK | 2.18 | 1.92 | 11.73 |
| Growth in adjusted earnings per share1), % | 13.5 | -17.9 | 27.6 |
| Other operative and financial key figures | |||
| Organic growth in order intake, % | 2.9 | 2.5 | 6.3 |
| Organic growth in net sales, % | 6.2 | 0.0 | 4.9 |
| Gross margin, % | 49.2 | 48.3 | 46.5 |
| Selling expenses, % of net sales | 19.1 | 19.5 | 17.2 |
| Administrative expenses, % of net sales | 14.2 | 14.6 | 13.4 |
| Research and development costs, gross as a % of net sales | 5.9 | 6.3 | 6.0 |
| Operating margin, % | 7.2 | 10.0 | 8.2 |
| EBITDA, SEK M | 1,164 | 1,226 | 5,275 |
| Average number of shares, thousands | 272,370 | 272,370 | 272,370 |
| Number of shares at the end of the period, thousands | 272,370 | 272,370 | 272,370 |
| Interest-coverage ratio, multiple | 12.0 | 13.6 | 12.3 |
| Net debt/equity ratio, multiple | 0.32 | 0.23 | 0.32 |
| Net debt/Rolling 12m adjusted EBITDA, multiple | 1.4 | 1.4 | 1.6 |
| Capital employed, SEK M | 41,365 | 37,100 | 40,952 |
| Return on capital employed, % | 11.3 | 9.5 | 11.1 |
| Return on equity, % | 4.7 | 7.3 | 5.2 |
| Equity/assets ratio, % | 51.0 | 57.9 | 52.0 |
| Equity per share, SEK | 112.89 | 119.70 | 121.93 |
| Number of employees | 11,827 | 11,862 | 11,791 |
1) Before and after dilution

Alternative performance measures refer to financial measures used by the company's management and investors to evaluate the Group's earnings and financial position and that cannot be directly read or derived from the financial measures are intended to facilitate analysis of the Group's performance. Accordingly, the alternative performance measures a supplement to the financial statements prepared in accordance with IFRS. The financial measures recognized in this report may differ from similar measures used by other companies.
| Jan-Mar | Jan-Mar | Jan-Dec | |
|---|---|---|---|
| Adjusted gross profit, SEK M | 2025 | 2024 | 2024 |
| Gross profit | 4,095 | 3,632 | 16,153 |
| Add-back of: | |||
| Depreciation, amortization and write-downs of intangible assets and | 242 | 223 | 960 |
| tangible assets Other items affecting comparability |
297 | ||
| Adjustment for write-downs included in other items affecting | |||
| comparability | |||
| Adjusted gross profit | 4,337 | 3,855 | 17,409 |
| Jan-Mar | Jan-Mar | Jan-Dec | |
| Adjusted EBITDA, SEK M | 2025 | 2024 | 2024 |
| Operating profit (EBIT) | 598 | 755 | 2,854 |
| Add-back of: | |||
| Depreciation, amortization and write-downs of intangible assets and tangible assets |
459 | 413 | 1,823 |
| Amortization and write-down of acquired intangible assets | 107 | 58 | 320 |
| Other items affecting comparability | 797 | ||
| Acquisition and restructuring costs | 298 | 29 | 898 |
| Adjustment for write-downs included in other items affecting | |||
| comparability and restructuring costs | -20 | -46 | |
| Adjusted EBITDA | 1,442 | 1,255 | 6,646 |
| Jan-Mar | Jan-Mar | Jan-Dec | |
| Adjusted EBITA, SEK M | 2025 | 2024 | 2024 |
| Operating profit (EBIT) | 598 | 755 | 2,854 |
| Add-back of: | |||
| Amortization and write-down of acquired intangible assets | 107 | 58 | 320 |
| Other items affecting comparability | 797 | ||
| Acquisition and restructuring costs | 298 | 29 | 898 |
| Adjusted EBITA | 1,003 | 842 | 4,869 |
| Jan-Mar | Jan-Mar | Jan-Dec | |
| Adjusted EBIT, SEK M | 2025 | 2024 | 2024 |
| Operating profit (EBIT) | 598 | 755 | 2,854 |
| Add-back of: | |||
| Other items affecting comparability | 797 | ||
| Acquisition and restructuring costs | 298 | 29 | 898 |
| Adjusted EBIT | 896 | 784 | 4,549 |
| Adjusted net profit for the period, SEK M | Jan-Mar 2025 |
Jan-Mar 2024 |
Jan-Dec 2024 |
| Net profit for the period | 304 | 464 | 1,654 |
| Add-back of: | |||
| Amortization and write-down of acquired intangible assets | 107 | 58 | 320 |
| Other items affecting comparability | 797 | ||
| Acquisition and restructuring costs | 298 | 29 | 898 |
| Tax items affecting comparability | |||
| Tax on add-back items | -112 | -24 | -459 |
| Adjusted net profit for the period | 597 | 528 | 3,211 |

| The calculation of adjusted earnings per share, before and after dilution, attributable to the Parent Company's |
|||
|---|---|---|---|
| shareholders, | Jan-Mar | Jan-Mar | Jan-Dec |
| is based on the following information: | 2025 | 2024 | 2024 |
| Earnings (numerator), SEK M | |||
| Adjusted net profit for the period | 597 | 528 | 3,211 |
| Adjusted net profit for the period attributable to non-controlling | |||
| interest | -4 | -5 | -16 |
| Adjusted net profit for the period attributable to the Parent Company shareholders, which form the basis for calculation of |
|||
| adjusted earnings per share | 593 | 522 | 3,195 |
| Jan-Mar | Jan-Mar | Jan-Dec | |
| Number of shares (denominator) | 2025 | 2024 | 2024 |
| Weighted average number of ordinary shares for calculation of | |||
| adjusted earnings per share (thousands) | 272,370 | 272,370 | 272,370 |
| Adjusted earnings per share, SEK | 2.18 | 1.92 | 11.73 |
No acquisitions took place during the first quarter that had a material impact on the Group's financial earnings and position.
In September 2024, 100% of the shares in Paragonix Technologies, Inc. were acquired. During the first quarter, Paragonix achieved certain regulatory milestones and an additional purchase price of SEK 10 M was paid. In addition, the acquisition balance sheet was adjusted, which resulted in a reduced purchase price of SEK 19 M.
Getinge signed agreements on contingent connection with acquisitions of assets and subsidiaries as stated above. Liabilities for these additional purchase prices are measured at fair value through profit or loss at Level 3 of the fair value hierarchy. The additional purchase prices are conting government approval for the acquired product development projects and contingent on the earnings performance of the acquired businesses.
| March 31 | March 31 | December 31 | |
|---|---|---|---|
| Contingent considerations | 2025 | 2024 | 2024 |
| Opening balance | 3,280 | 498 | 498 |
| Business combinations | 3,112 | ||
| Dissolution of provision | -13 | ||
| Fair value adjustments recognized in profit or loss | 5 | 11 | |
| Payments | -110 | -512 | |
| Discount effect | 31 | 0 | 32 |
| Translation differences | -291 | 31 | 152 |
| Closing balance | 2.915 | 529 | 3,280 |
| SEK M | Jan-Mar 2025 |
Jan-Mar 2024 |
Jan-Dec 2024 |
|---|---|---|---|
| Net sales | 107 | 86 | 293 |
| Administrative expenses | -88 | -45 | -328 |
| Operating profit/loss | 19 | 42 | -35 |
| Result from participations in Group companies1) | 1,743 | ||
| Interest income and other similar income2) | 17 | 9 | 37 |
| Interest expenses and other similar expenses2) | -55 | -54 | -218 |
| Profit after financial items | -19 | -3 | 1,527 |
| Appropriations | 139 | ||
| Taxes | -4 | -9 | -39 |
| Net profit for the period3) | -23 | -12 | 1,627 |
1) Primarily refers to dividends from Group companies that take place on an ongoing basis throughout the year.
2) Interest income and other similar income and interst expenses and uther similate exchangerate gains and losses
3) Comprehensive income for the period corresponds to net profit for the period.
| SEK M | March 31 2025 |
March 31 2024 |
December 31 2024 |
|---|---|---|---|
| Assets | |||
| Intangible assets | 0 | ||
| Tangible assets | 2 | 2 | 2 |
| Participations in Group companies | 29,582 | 28,336 | 29,582 |
| Deferred tax assets | ರಿ5 | 89 | 99 |
| Current receivables from Group companies | 1,797 | 1,076 | 1,244 |
| Current receivables | 43 | 34 | 18 |
| Cash and cash equivalents | 903 | 0 | |
| Total assets | 32,422 | 29,538 | 30,946 |
| Equity andliabilities | |||
| Equity | 25,645 | 25,228 | 25,669 |
| Long-term liabilities | 5,093 | 3,470 | 3,595 |
| Other provisions | 20 | 16 | 16 |
| Current liabilities to Group companies | 3 | ||
| Current liabilities | 1,663 | 821 | 1,660 |
| Total equity and liabilities | 32,422 | 29,538 | 30,946 |

Adjusted earnings per share: Adjusted net profit for the period attributable to Parent Company shareholders in relation to average number of shares.
Adjusted EBIT: Operating profit (EBIT) with add-back of acquisition and restructuring costs and other items affecting comparability.
Adjusted EBITA: EBITA with add-back of acquisition and restructuring costs and other items affecting comparability.
Adjusted EBITDA: EBITDA with add-back of acquisition and restructuring costs and other items affecting comparability.
Adjusted gross profit: Gross profit with add-back of depreciation, amortization and write-downs and other items affecting comparability.
Adjusted net profit for the period: Net profit for the period with add-back of amortization and write-down of acquired intangible assets, acquisition and restructuring costs, other items affecting comparability and tax effect of add-back of income-statement items.
Adjusted profit before tax: Profit before tax for the period with add-back of amortization and write-down of acquired intangible assets, acquisition and restructuring costs and other items affecting comparability.
Capital employed: Average total assets with add-back of cash and cash equivalents, other provisions, accounts payable and other non-interest-bearing liabilities.
Capital goods: Durable products that are not consumed when used.
Currency transaction effect: Exchange of current year's volumes of foreign currency at this year's exchange rates, compared with the exchange rates in the preceding year.
Earnings per share: Net profit attributable to Parent Company shareholders in relation to average number of shares.
EBIT: Operating profit.
EBITA margin: EBITA in relation to net sales.
EBITA: Operating profit (EBIT) before addback of amortization and write-down of acquired intangible assets.
EBITDA margin: EBITDA in relation to net sales.
EBITDA: Operating profit (EBIT) with addback of amortization, depreciation and write-downs.
Equity/assets ratio: Equity in relation to total assets.
Equity per share: Equity in relation to the number of shares at the end of the period.
Free cash flow: Cash flow from operating activities and investing activities, excluding acquisitions and divestment of operations. Gross margin: Gross profit in relation to net sales.
Interest-coverage ratio: Rolling 12 months' adjusted EBITDA in relation to rolling 12 months' net interest.
ltems affecting comparability: Acquisition and restructuring costs and other items affecting comparability. Other items affecting comparability are significant revenue/expenses that impact comparability between accounting periods. These items include, but are not limited to, write-downs, disputes and major gains and losses attributable to divestments of assets or businesses.
Net debt/equity ratio: Net interest-bearing debt in relation to equity.
Operating liabilities: Accounts payable, other provisions and other non-interestbearing liabilities (contract liabilities, noninterest-bearing provisions for pensions and similar obligations, accrued expenses and deferred income as well as other liabilities).
Operating margin: Operating profit (EBIT) in relation to net sales.
Operating receivables: Accounts receivable and other current receivables (contract assets, prepaid expenses and accrued income, and other receivables).
Organic change: A financial change adjusted for currency, acquisitions and divestments of operations.
Recurring revenue: Revenue from sales of products that are continuously consumed as well as service, spare parts and similar items.
Return on capital employed: Rolling 12 months' adjusted EBIT in relation to capital employed.
Return on equity: Rolling 12 months' profit after tax in relation to average equity.
Double materiality assessment: The process of identifying an organization's impacts on people and the environment and the sustainability-related financial risks and opportunities for the organization. The
results are also used to determine whether a sustainability topic is to be included in the company's sustainability report.
Employee engagement: The engagement score in Getinge's employee survey.
ESRS: European Sustainability Reporting Standards.
Online customer training: The number of training courses held for customers. The total number of times a customer has completed an e-learning course or participated in a training webinar.
REC (Renewable Energy Certificates): Used to certify that electricity was generated from renewable sources.
Scope 1 & 2: Carbon emissions from production (in ton CO2 equivalents). Scope 1 includes emissions from oil and gas consumption. Emissions from Getinge's vehicle fleet are excluded in the interim report but the amounts for the full-year are presented in the Sustainability Report. Scope 2 includes emissions from electricity, heating and cooling. Emissions from leased premises are excluded in the interim report but the amounts for the full-year are presented in the Sustainability Report.
WRAR (Work Related Accident Rate): The number of work related accidents divided by the number of hours worked, normalized by multiplying by 200,000 hours.
Cardiopulmonary: Pertaining or belonging to both heart and lung.
Cardiovascular: Pertaining or belonging to both heart and blood vessels.
DPTE®-BetaBags: Bag that ensures contamination-free transfer of components.
ECMO: Extracorporeal membrane oxygenation, meaning oxygenation outside the body through a membrane. Put simply, a modified cardiac and respiratory machine that exchanges oxygen and carbon dioxide, like an artificial lung.
Endoscope: Equipment for visual examination of the body's cavities, such as the stomach.
Endovascular: Vascular treatment using catheter technologies.
EVH: Endoscopic Vessel Harvesting is a minimally invasive technique for removing blood vessels, for example during coronary artery bypass surgery.
Oxygenation of the patient's blood outside

the body (extracorporeal) using advanced medical technology.
Grafts: Artificial vascular implants.
Hemodynamic monitoring: Monitoring the balance between blood pressure and blood flow.
Low temperature sterilization: A device used to sterilize surgical instruments which cannot be sterilized with high temperature steam. It is mainly used for instruments used in the minimal invasive and robotic surgery.
NAVA: Neurally Adjusted Ventilatory Assist (NAVA) identifies the electric activity that
activates the diaphragm and using these signals adapts the ventilation to the patient's respiratory rhythm.
Perfusionist: A healthcare professional who for removing blood vessels from the body. operates the heart-lung machine during surgery.
Stent: A tube for endovascular widening of blood vessels.
Sterilizer: A device to eliminate microorganisms on surgical instruments, usually by high temperature with steam.
Vascular intervention: A medical procedure conducted through vascular puncturing instead of using an open surgery method.
Ventilator: Medical device to help patients breathe.
Vessel harvesting: The name of the process
Americas: North, South and Central America.
APAC: Asia and Pacific (excluding Middle East).
EMEA: Europe, Middle East and Africa.

A teleconference with President & CEO Mattias Perjos and CFO Agneta Palmér will be held on April 22, 2025 at 1:00-2:00 p.m. CEST.
Fund managers, analysts and the media are invited to the teleconference.
Register via this link to participate in the teleconference.inderes.com/teleconference/?id=5009498. After registering, you will receive a telephone number and a conference. You can ask questions verbally at the teleconference.
A presentation will be held during the telephone conference. To access the presentation, please use this link: https://getinge.events.inderes.com/q1-report-2025 where a recording will be available for three years.
Updated information on, for example, the Getinge share and corporate governance is available on Getinge.com. The Annual Report, year-end report and interim reports are published in Swedish and are available for download at www.getinge.com. The preliminary dates for financial communication are provided below:
July 18, 2025 Q2 Report 2025 October 21, 2025 Q3 Report 2025
David Kördel, Head of Investor Relations +46 (0)10 335 0077 [email protected]
This information is such that Getinge AB (pub) is obligated to disclose with the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above, on April 22, 2025 at 12:00 p.m. CEST.
With a firm belief that every person and community should have access to the best possible care, Getinge provides hospitals and life science institutions with products and solutions that aim to improve clinical results and optimize workflows. The offering includes products and solutions for intensive care, cardiovascular procedures, operating rooms, sterile reprocessing and life science. Getinge employs about 12,000 people worldwide and the products are sold in more than 135 countries. Getinge has been listed on Nasdaq OMX Stockholm, Nordic Large Cap since 1993 and is included in the 30 most actively traded shares.
Getinge AB (publ) | Lindholmspiren 7A, 417 56 Gothenburg, Sweden | Tel: +46 (0)10 335 0000 | E-mail: [email protected] | Corp. Reg. No.: 556408-5032 | www.getinge.com
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