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

Q1 2023 Getinge AB Earnings Call Transcript

Apr 26, 2023 / 08:00AM GMT
Release Date Price: $24.5
Operator

Welcome to the Getinge 2023 Q1 Report with CEO, Mattias Perjos, and CFO, Lars Sandstrom. (Operator Instructions)

Now I will hand the conference over to the speakers. Please go ahead. This call is being recorded.

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

()- -

Thank you very much. Thanks for joining, everybody. Sorry for the delay. There was a technical glitch in the beginning here, but I think we're good to go now. With me today, I have our CFO, Lars Sandstrom, who will go through the financials a little bit later. But we can start with moving over to Page #2 and talk about the key takeaways for the first quarter of 2023.

We had net sales and order intake increasing organically by 7.5% and 2.9%, respectively, in the quarter. This is a consequence of high demand for ventilators in the expansion of intensive care in China. We also saw a recovery in cardiovascular procedures and large deliveries in surgical workflows in order to meet the need for proactivity enhancing infrastructure in

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