Getinge 2022 Annual Report slide image

Getinge 2022 Annual Report

Getinge 2022 Annual Report Introduction Strategy Corporate Governance Annual Report Sustainability Report Other information Contents The Getinge share Getinge's Class B share has been listed on Nasdaq Stockholm AB since 1993. The share is included in the Nasdaq Nordic Large Cap segment and the OMXS30 index. At December 31, 2022, the number of shareholders was 58,763 and the percentage of foreign-owned shares amounted to 31.0%. Institutional owners accounted for 59.6% of the share capital, of which Swedish institutional owners accounted for 39.0%. Share trend, liquidity and dividend policy At year-end, Getinge's share was listed at SEK 216.30, which was a decrease of 45.3% (105.7) during the year. The highest price paid in 2022 was SEK 392.00 (January 3) and the lowest was SEK 180.00 (September 22). At year-end, market capitalization amounted to SEK 58.9 billion. During the year, 225 million shares were traded (208.9). At year-end 2022, share capital in Getinge totaled SEK 136,184,786.50 distributed among 272,369,573 shares. All shares carry the same dividend entitlement. One Class A share carries ten votes and one Class B share carries one vote. The Board of Directors of Getinge has adopted a dividend policy entailing that future dividends will be adjusted in line with Getinge's profit level, financial position and future development potential. The aim is for the dividend to correspond to 30-50% of net income. Sell-side analysts covering Getinge AlphaValue, ABG Sundal Collier, Carnegie, DNB Markets, Equita, Handelsbanken, J.P. Morgan, Kepler Cheuvreux, Morgan Stanley, Morningstar, Nordea, Pareto Securities, Redburn and SEB Enskilda. Getinge's peers Getinge's peers consist of the listed companies named in the section for each business area in this Annual Report. Shareholder information Financial information about Getinge is available on the Group's website. Questions about this Annual Report and other financial communication can be put directly to the investor relations function of the company. Getinge as an investment Long-lasting and close customer relations Since it was first founded more than 100 years ago, Getinge has concentrated all its efforts on creating customer value. This had led to long-lasting customer relations in which both customers and partners in many cases are deeply involved in product development. This is the key reason for the company's historic and future success. Stronger market positions Over the years, Getinge has developed leading global tech- nology together with its partners and customers to enhance the quality, safety and productivity of healthcare around the world. This has resulted in the company having leading positions in most of its product segments. This generates high customer loyalty and robust protection from competitions. Excellent conditions for growth Demographic and socio-economic factors show that the need for effective healthcare will increase for a long time to come, all over the world. Getinge has a clear growth strategy that mainly focuses on product areas with good future prospects regarding demand and where the company can offer attractive and differentiated solutions. The strategy includes both organic and acquired growth, which is facilitated by Getinge's solid financial position. Attractive non-cyclical market Patient needs for high-quality, safe and sustainable healthcare are not affected by economic upturns and downturns, which is why sales are relatively impervious to economic fluctuations. However, the conditions for growth could be negatively affected in the short term in the event of major socio-economic crises and a substan- tially weaker national economy. But in such a case the need for sustainable healthcare rises, which benefits Getinge's solutions. Improved margins and strengthened cash flows Getinge has been implementing a continuous improvement process for a number of years to increase customer value and sales, raise margins and strengthen cash flows. Progress to date has been successful and continued positive contributions from these measures are expected for several years in the future. Sustainability a top priority Getinge operates in an industry in which sustainability is import- ant. Accordingly, it is a top priority and encompasses everything from environment and quality to ethics and social responsibility. Getinge believes that this not only contributes to a better soci- ety but is also an advantage for the company's business. Long-term owners Getinge has a long-term owner base that wants to generate long-term value for shareholders and other stakeholders, such as customers, patients and society at large. This provides stability that helps to create long-term value. 178
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