Getinge AB (LTS:0GZV)
kr 228.55 -0.95 (-0.41%) Market Cap: 62.73 Bil Enterprise Value: 71.83 Bil PE Ratio: 23.43 PB Ratio: 2.03 GF Score: 73/100

Q4 2025 Getinge AB Earnings Call Transcript

Jan 27, 2026 / 09:00AM GMT
Release Date Price: kr199.48 (-5.77%)

Key Points

Positve
  • Getinge AB (GNGBF) achieved record high organic sales in Q4 2025, with a 1.2% organic increase in net sales.
  • The company has made significant progress in quality remediation, reducing the number of field actions in relation to sales.
  • Getinge AB (GNGBF) launched several new products, including the Aquadis 44 washer-disinfector and Automatiq solutions, enhancing their product portfolio.
  • The company maintains a strong financial position with a leverage of 1.5 times adjusted EBITDA, well below their internal threshold.
  • Getinge AB (GNGBF) continues to focus on high-margin products and recurring revenue, which now make up a significant portion of total sales.
Negative
  • Adjusted gross and EBITA margins were down in Q4 2025 due to strong headwinds from currency and tariffs.
  • The Life Science segment experienced a decline in organic order intake, particularly in the WIS and Bio-Processing businesses.
  • Tariffs and currency fluctuations resulted in a significant drag on adjusted EBITA, with over SEK 1 billion impact for the full year.
  • The company faces ongoing geopolitical and FX headwinds, which are expected to continue into 2026.
  • There are delays in the Cardiosave product launch in the US due to critical component shortages, impacting sales potential.
Operator

Welcome to the Getinge Q4 report 2025. (Operator Instructions)

Now I will hand the conference over to the speakers, CEO, Mattias Perjos; and CFO, Agneta Palmer. Please go ahead.

Mattias Perjos
Getinge AB - President, Chief Executive Officer, Director

Thank you very much, and welcome, everyone to today's earnings call here with me, I have our CFO, Agneta Palmer. We will start the conference today with our performance in the fourth quarter and then reflect a bit on the full year and our expectations for 2026 and onwards before ending with a Q&A.

So we can move directly to page number 2, please. So let's first look at the development of our longer-term strategic KPIs. You can see that we continue to clearly track in line with our plans to increase the share of sales from recurring revenue, accelerating the share of sales from high-margin products like our Paragonix offering, our ECLS portfolio, the consumables with Infection Controls and also BetaBags inside our Sterile Transfer segment in Life Science. This is all supported by solid and

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