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.
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