Getinge rises on Q3 beat

Getinge publ AB

23/10/2023 08:28

** Shares in Getinge  GETIb.ST  rise 5.5% after the Swedish
medical gear maker reports Q3 beat
    ** Q3 sales grew 5.7% organically to SEK 7.61 billion
($691.45 million)
    ** J.P.Morgan says sales were 3.4% ahead of consensus, and
better margins delivered a 23.9% adj. EBITA beat
    ** "Group's margins and cash flow were positively impacted
sequentially by higher deliveries of consumables, mainly in
Cardiac Assist," Getinge says in a statement
    ** The stock is among top risers on pan-European STOXX 600
index  .STOXX  and on track for best day since February

($1 = 11.0058 Swedish crowns)

 (Reporting by Jagoda Darlak)
 ((Jagoda.Darlak@thomsonreuters.com; +48 58 769 65 40;))