Getinge AB (OTCPK:GNGBF)
$ 17.85 0 (0%) Market Cap: 4.95 Bil Enterprise Value: 5.58 Bil PE Ratio: 29.80 PB Ratio: 1.49 GF Score: 86/100

Q3 2022 Getinge AB Earnings Call Transcript

Oct 19, 2022 / 08:00AM GMT
Release Date Price: $16.85
Operator

Welcome to the Getinge AB Quarter 3 Report 2022. (Operator Instructions) Today, I'm pleased to present CEO, Mattias Perjos; and CFO, Lars Sandstrom. Please begin your meeting.

Mattias Perjos;publ;CEO
Getinge AB;President & Director

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Thank you very much, and thanks, everyone, for joining today's conference. We can move straight away to Page #2, please. And looking at the key takeaways for the quarter. When it comes to performance, Q3 was very much about handling external challenges such as staffing constraints in hospitals, COVID restrictions in China and continued supply chain constraints, which, by itself, had a negative impact on sales of at least SEK 400 million in the quarter.

I think the organization has taken on these challenges in a good way, just as we did during the pandemic, which enabled us to keep the decline in net sales at 2.6% organically in the quarter. Order intake was down by 5% organically in the quarter. Here, it's worth mentioning that the comps were exceptionally hard to match due

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