Getinge AB (OTCPK:GNGBY)
$ 17.56 0.01 (0.06%) Market Cap: 4.78 Bil Enterprise Value: 5.60 Bil PE Ratio: 29.32 PB Ratio: 1.68 GF Score: 83/100
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Q3 2021 Getinge AB Earnings Call Transcript

Oct 20, 2021 / 08:00AM GMT
Release Date Price: $46.22 (+8.42%)
Operator

Hello, and welcome to the Getinge AB Audiocast with Teleconference Third Quarter 2021. (Operator Instructions) Just to remind you, this conference call is being recorded.

Today, I'm pleased to present Mattias Perjos, CEO; and Lars Sandstrom, CFO. Please go ahead with your meeting.

Mattias Perjos
Getinge AB - CEO, President & Director

Thank you very much, and welcome, everyone, to today's conference. As she said, here, I have Lars Sandstrom, our CFO, with me as well, and he will present the financials a little bit later during the call.

But we can get started and move directly over to Page #2, please. So I just want to begin by covering the key takeaways for the quarter in terms of performance. And as expected, the net sales declined year-on-year as we had record-breaking deliveries of ICU ventilators in Q3 of 2020. However, in the third quarter, organic order intake increased by more than 20%, thanks to strong development in all our business areas and all our regions. Organic order growth is strong, both compared to Q3 2019 and Q3 2020.

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