Fourth-quarter, full-year earnings slide for Getinge

Fourth-quarter and full-year earnings slipped more than -3% for Getinge (PINK:GETI B), the Swedish medtech giant said today.

Göteborg-based Getinge posted profits of $117.4 million (SEK 999 million), or 47¢ per share (SEK 4.02), on sales of $1.11 billion (SEK 9.42 billion) for the 3 months ended Dec. 31, 2015. That’s a -3.1% earnings slide on sales growth of 11.3% compared with Q4 2014.

Full-year profits were $171.2 million (SEK 1.46 billion), or 69¢ per share (SEK 5.83), on sales of $3.55 billion (SEK 30.24 billion), for a -3.0% profit decline on sales growth of 13.4%.

Getinge also said it named Pernille Fabricius as CFO.

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