Getinge AB reported consolidated and parent earnings results for the first quarter ended March 31, 2013. For the quarter, on consolidated basis, the company's net sales were SEK 5,664 million against SEK 5,246 million last year. Operating profit was SEK 400 million against SEK 704 million last year. Profit before tax was SEK 252 million against SEK 570 million last year. Net profit attributable to parent company's shareholders was SEK 182 million against SEK 420 million last year. Earnings per share were SEK 0.76 against SEK 1.76 last year. EBITDA was SEK 862 million against SEK 1,123 million last year. Cash flow from operations SEK 366 million against SEK 722 million last year. Investments in tangible fixed assets were SEK 200 million against SEK 166 million last year. Net interest-bearing debt was SEK 18,395 million against SEK 16,325 million at March 31, 2012. EBITA before restructuring, integration and acquisition costs was SEK 792 million against SEK 854 million last year. EBITA was SEK 551 million against SEK 854 million last year. Return on equity was 15.2% against 17.2% last year. EBITA was charged with SEK 130 million from the effects of the recently introduced Medical Device Tax in the US and the adverse exchange-rate effects in the wake of the SEK's continued rise against most currencies. Excluding the tax and negative exchange-rate effects, the group's EBITA rose by nearly 8%. For the quarter, on parent basis, the company's operating loss was SEK 33 million against SEK 26 million last year. Profit after financial items was SEK 80 million against SEK 255 million last year. Profit before tax was SEK 80 million against SEK 255 million last year. Net profit was SEK 77 million against SEK 185 million last year. In 2013, overall, organic volume growth is expected to remain in line with that of 2012 or possibly somewhat better. Profit growth, excluding restructuring costs, is expected to be favorable in the current year, even in consideration of the introduction of the Medical Device Tax in the US at year-end 2012 and negative transaction effects, which, when combined, are expected to total SEK 230 million.

Getinge AB, Q1 2013 Earnings Call, Apr 17, 2013

Getinge AB announced that at the AGM held on March 21, 2013, the shareholders resolved to declare a dividend of SEK 4.15 per share. March 26, 2013 was determined as record date for dividend.