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GETI B - Getinge AB News Story

SEK188.3 -2.4  -1.2%

Last Trade - 9:36am

Large Cap
Market Cap £4.58bn
Enterprise Value £5.28bn
Revenue £2.45bn
Position in Universe 130th / 1787

BUZZ-Getinge: Top of STOXX after Q2 beat

Thu 16th July, 2020 8:13am
(Updates with share move, milestone)
    ** Shares in Sweden's Getinge  GETIb.ST  rose 5.8% after the
medical equipment maker reported better-than-expected Q2 results
    ** Q2 adjusted EBITA was at SEK 1.22 billion ($134.16
million), while order intake grew 17.5%*:nL5N2EM56N
    ** Handelsbanken says adjusted EBITA was materially above
consensus expectations, driven by better sales within high
margin Acute Care Therapies (ACT) were EBITA margin reached
29.9% in Q2
    ** Organic order growth was 17.5%, as well significantly
above consensus of 8.4%, the brokerage adds
    ** The stock tops European STOXX 600 index  .STOXX.  and is
set for its best day since April

($1 = 9.0939 Swedish crowns)

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