Getinge Full Year Report 2019: Continued Growth, Higher Margins and Strengthened Cash Flow
GETINGE AB UNSP/ADR (GNGBY)
NASDAQ:AMEX Investor Relations:
getinge.com/int/about-us/investors
Company Research
Source: PR Newswire
GOTHENBURG, Sweden, Jan. 30, 2020 /PRNewswire/ -- "Our organic sales growth continued in the fourth quarter and it was particularly good to see the strong performance of our three largest markets - the US, China and Germany," says Mattias Perjos, President & CEO at Getinge. "We improved the margins and the cash flow both in the quarter and for the full year, and the balance sheet was strengthened."The order intake for the business area Surgical Workflows was slightly lower than Q4 2018, mainly related to the weak start to the quarter in Americas and APAC. The quarter ended on a strong note for Getinge and total order bookings were better than at the end of 2018. In 2020 net sales is expected to increase organically by 2-4%.The gross margin for the quarter was positively impacted by a favorable sales mix, higher productivity and currency effects."This has contributed to a strengthened operating margin year-on-year. It is positive that we are starting to see the results of our focused e
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