Getinge AB reported consolidated and parent company earnings results for the fourth quarter and full year ended December 2013. For the quarter, on consolidated basis, the company's net sales declined 0.8% to SEK 7,757 million compared to SEK 7,816 million a year ago. Profit before tax increased 18.1% to SEK 1,709 million compared to SEK 1,447 million a year ago. EBITA before restructuring increased 6.1% to SEK 2,062 million compared to SEK 1,943 million a year ago. Operating profit was SEK 1,859 million compared to SEK 1,591 million a year ago. Net profit attributable to parent company's shareholders was SEK 1,237 million or SEK 5.19 per share, compared to SEK 1,055 million or SEK 4.43 per share a year ago. Adjusted earnings per share were SEK 5.83, compared to SEK 5.52 a year ago. EBITDA was SEK 2,333 million compared to SEK 2,061 million a year ago. Cash flow from operations was SEK 1,410 million compared to SEK 1,457 million a year ago. Investment in tangible fixed assets was SEK 301 million compared to SEK 304 million a year ago. Net interest-bearing debt was SEK 18,319 million as on Dec. 31, 2013, compared to SEK 18,382 million as on Dec. 31, 2012.

For the year, on consolidated basis, the company's net sales increased 4.3% to SEK 25,287 million compared to SEK 24,248 million a year ago. Profit before tax declined 8.2% to SEK 3,153 million compared to SEK 3,436 million a year ago. Net profit decreased 9.3% to SEK 2,295 million compared to SEK 2,531 million a year ago. Earnings per share declined 9.4% to SEK 9.59 compared to SEK 10.58 a year ago. EBITA before restructuring decreased 1.7% to SEK 4,766 million compared to SEK 4,849 million a year ago. Operating profit was SEK 3,748 million compared to SEK 4,006 million a year ago. Net profit attributable to parent company's shareholders was SEK 2,285 million, compared to SEK 2,521 million a year ago. Adjusted earnings per share were SEK 12.74, compared to SEK 13.23 a year ago. EBITDA was SEK 5,614 million compared to SEK 5,748 million a year ago. Cash flow from operations was SEK 3,544 million compared to SEK 3,687 million a year ago. Investment in tangible fixed assets was SEK 1,004 million compared to SEK 959 million a year ago. Return on equity was 14.4%, compared to 17.0% a year ago.

For the quarter, the parent company reported operating loss of SEK 37 million, compared to SEK 15 million for the last year. Profit before tax was SEK 403 million, compared to SEK 1,199 million for the last year. Net profit was SEK 293 million, compared to SEK 1,481 million for the last year.

For the year, the parent company reported operating loss of SEK 150 million, compared to SEK 114 million for the last year. Profit before tax was SEK 641 million, compared to SEK 2,167 million for the last year. Net profit was SEK 522 million, compared to SEK 2,161 million for the last year.

The company proposed a dividend per share of SEK 4.15 for the year 2013 compared to SEK 4.15 per share a year ago. The proposed record date is March 25, 2014. Euroclear expects to distribute the dividend to shareholders on March 28, 2014.

The Group expects that the recent product launches and acquisitions will continue to drive growth. Overall, organic volume growth for 2014 is expected to be on a par with the outcome for 2013. The gradual strengthening of the SEK will continue to negatively impact the Group's earnings in 2014 and currency-transaction effects are expected to continue to negatively impact the year's earnings by about SEK 250 million.