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Earnings Call Summary | GETINGE AB(GNGBF.US) Q2 2024 Earnings Conference

moomoo AI ·  Jul 18 14:27  · Conference Call

The following is a summary of the Getinge AB (GNGBF) Q2 2024 Earnings Call Transcript:

Financial Performance:

  • Getinge reported a 15.7% increase in net sales and 14.4% growth in order intake in Q2 2024.

  • Adjusted EBITDA margin improved by 4.9 percentage points year-on-year.

  • Gross profit increased by SEK837 million to SEK4,151 million, with adjusted gross margin improving across all business areas.

Business Progress:

  • Launched Poladus 150, an advanced low-temperature sterilizer, and received 510(k) clearance and EU MDR approval for new products.

  • Presented an updated earnings per share target with an average growth of over 12% for 2024-2028 during the Capital Market Update.

  • Advanced the quality improvement for products like Cardiosave and Cardiohelp and made progress towards sustainable productivity improvements.

Opportunities:

  • The company continues to see good market opportunities in Asia Pacific, expecting strong demand for healthcare.

  • Recent acquisitions are expected to contribute to 3-5 percentage points of growth, complemented by 2-5% expected organic net sales growth.

Risks:

  • Quality-related challenges in Acute Care Therapies remain a priority.

  • Regulatory hurdles with pending CE mark approvals for new ECMO packaging.

Tips: This article is generated by AI. The accuracy of the content can not be fully guaranteed. For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.

Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more
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