Medical gear maker Getinge's Q3 core profit misses expectations (updated)

Getinge publ AB

18/10/2024 07:08

(Adds adjusted EBITA figure, background in paragraphs 2-3)
       Oct 18 (Reuters) - Swedish medical equipment maker
Getinge  GETIb.ST  reported core earnings below expectations for
the third quarter on Friday, while it struggles to resolve
prolonged quality problems with some of its heart products.
    Getinge's earnings before interest, tax and amortisation
(EBITA), adjusted for items affecting comparability, fell 17%
from a year earlier to 903 million Swedish crowns ($85.8
million). That missed analysts' expectations of 1.03 billion
crowns, a company-provided consensus showed.
    The company is working to resolve costly quality problems
with its heart products, which have squeezed its margins and
dragged its shares since the second quarter of last year.
($1 = 10.5279 Swedish crowns)

 (Reporting by Greta Rosen Fondahn in Gdansk; editing by Milla
Nissi)
 ((Greta.RosenFondahn@thomsonreuters.com))