United Kingdom

Getinge AB (GETIb.ST)

GETIb.ST on Stockholm Stock Exchange

22 Jan 2018
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Fri, Nov 10 2017

UPDATE 1-Getinge sets new financial targets ahead of Arjo listing

Nov 10 Swedish medical technology firm Getinge on Friday announced new financial targets following the proposed distribution and separate listing of its patient & post-acute care business, now called Arjo.

BRIEF-Getinge sets new financial targets after distribution of Arjo

* Revised strategy, new financial targets and restated financial information for Getinge (excluding Arjo)

REFILE-UPDATE 2-Getinge hopes to spin off PPAC division this year after Q3 profit dives

STOCKHOLM, Oct 18 Medical technology firm Getinge reported on Wednesday quarterly core profits below expectations, sending its shares down, and said it now hoped to spin off and list its smallest division by year-end.

BRIEF-Getinge Q3 core profit lags expectations, targets PPAC listing by year-end ​

* Q3 ‍order intake increased by 2.2% to sek 7,334 m (7,176). Order intake increased organically by 4.7%.​

BRIEF-Getinge's rights issue fully subscribed

* The preliminary result of Getinge rights issue shows that over 33.7 million shares, corresponding to approximately 99.2 percent of the shares in the offer, were subscribed for with subscription rights

BRIEF-Getinge resolves on fully guaranteed 4 bln SEK rights issue

* says today, the Board of Directors of Getinge AB, with authorization from the Extraordinary General Meeting on August 15, 2017, has resolved on a rights issue of MSEK 4,324 with the purpose to strengthen the group’s balance sheet by reducing leverage and thereby providing improved operational flexibility

BRIEF-Getinge to cooperate with Brazilian authorities on cartel probe

* Getinge says to cooperate with Brazilian authorities on local ongoing investigations

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