Getinge (STO:GETI B) Full Year 2024 Results
Key Financial Results
- Revenue: kr34.8b (up 9.2% from FY 2023).
- Net income: kr1.64b (down 32% from FY 2023).
- Profit margin: 4.7% (down from 7.6% in FY 2023).
- EPS: kr6.01 (down from kr8.86 in FY 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Getinge Revenues Beat Expectations, EPS Falls Short
Revenue exceeded analyst estimates by 1.3%. Earnings per share (EPS) missed analyst estimates by 19%.
The primary driver behind last 12 months revenue was the Acute Care Therapies segment contributing a total revenue of kr17.9b (52% of total revenue). Notably, cost of sales worth kr18.6b amounted to 54% of total revenue thereby underscoring the impact on earnings. The largest operating expense was Sales & Marketing costs, amounting to kr5.98b (41% of total expenses). Explore how GETI B's revenue and expenses shape its earnings.
Looking ahead, revenue is forecast to grow 4.9% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Medical Equipment industry in Sweden.
Performance of the Swedish Medical Equipment industry.
The company's share price is broadly unchanged from a week ago.
Risk Analysis
You should learn about the 3 warning signs we've spotted with Getinge.
Valuation is complex, but we're here to simplify it.
Discover if Getinge might be undervalued or overvalued with our detailed analysis, featuring fair value estimates, potential risks, dividends, insider trades, and its financial condition.
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