Getinge AB Reports Earnings Results for the Fourth Quarter and Full Year Ended December 2016; Provides Sales Guidance for the Year 2017
For the year, the company reported net sales of SEK 29,756 million against SEK 30,235 million a year ago. Operating profit was SEK 2,287 million against SEK 2,729 million a year ago. Profit before tax was SEK 1,650 million against SEK 1,997 million a year ago. Net profit was SEK 1,213 million against SEK 1,457 million a year ago. Earnings per share were SEK 4.98 against SEK 5.83 a year ago. Cash flow from operations was SEK 3,671 million against SEK 3,458 million a year ago. EBITA was 4,341 million against SEK 4,179 million a year ago. Net debt amounted to SEK 23.4 million at the end of the period.
For the full-year of 2017, the company expects slightly positive organic sales growth.