AI Terminal

MODULE: AI_ANALYST
Interactive Q&A, Risk Assessment, Summarization
MODULE: DATA_EXTRACT
Excel Export, XBRL Parsing, Table Digitization
MODULE: PEER_COMP
Sector Benchmarking, Sentiment Analysis
SYSTEM ACCESS LOCKED
Authenticate / Register Log In

Getinge

Earnings Release Jan 11, 2011

2917_rns_2011-01-11_ba941fa5-2984-4a45-8470-047239c133ca.pdf

Earnings Release

Open in Viewer

Opens in native device viewer

Getinge continues to enhance itsoperational efficiency and providesupdated earnings forecast for the 2010 financial year

Getinge 11 January, 2011

For the fourth quarter of 2010, the Getinge Group will make further provisions for planned restructuring in addition to those already announced. Restructuring expenses for the fourth quarter of 2010 will total SEK 117 million. Of this amount, SEK 9 million pertains to the integration of Datascope. The remaining provisions for additional restructuring activities in the fourth quarter, amounting to SEK 108 million, pertain to the Medical Systems business area. In total, restructuring expenses for the 2010 financial year will amount to SEK 180 million.

Medical Systems intends to comprehensively restructure the production of perfusion products (ventilators, tubing sets etc.) in Germany. As a result of the restructuring project, the production unit in Hirrlingen will be closed, as will the logistics centre in the German city of Hechingen. The business area's production inAntalya, Turkey, will be expanded to take over further production from Germany. After the restructuring project has been implemented in its entirety at the beginning of 2012, operations will be concentrated to two production units: Hechingen for machine-based production andAntalya for more manual production. In future, logistics and inventory will be handled by an external partner. The business area has started negotiations with the personnel at the units affected by the restructuring project. The restructuring of the perfusion operations is expected to lead to annual savings of approximately SEK 60 million as of 2012.

Also taking into consideration further restructuring expenses of approximately SEK 108 million that will be charged to the 2010 financial year, the Group expects pre-tax earnings to amount to slightly more than SEK 3,100 million, which is in line with the earnings forecast provided in conjunction with the report for the third quarter.

For further information: Johan Malmquist, President and CEO Ulf Grunander, CFO Telephone: +46 (0)10-335 00 00

GETINGEGROUPis a leading global provider of products and systems that contribute to quality enhancement and cost efficiency within healthcare and life sciences. We operate under the three brands of ArjoHuntleigh, GETINGEand MAQUET.ArjoHuntleigh focuses on patient mobility andwound management solutions. GETINGEprovides solutions for infection control within healthcare and contamination preventionwithin life sciences. MAQUETspecializes in solutions, therapies and products for surgical interventions and intensive care.

The information is such that Getinge AB must disclose in accordance with the Swedish Securities Market Act and/or the Financial Instruments Trading Act.

Talk to a Data Expert

Have a question? We'll get back to you promptly.