Getinge Group (OMX: GETI B) is going against the flow in a red Stockholm stock exchange. The global medical technology company reported consolidated profit before taxes of 654 million Swedish kronor. The result was down slightly toward Q2 2010, but while 2010 Q2 result included a large-scale delivery of ventilators to Brazil, Q2 2011 included more restructuring costs.
Getinge expects demand and growth to improve in 2011 also in North America where it believes underlying demand trend in consumables and medical-technical capital goods is expected to improve. The belief is that profit before tax is going to show favourable growth. Full report is available here.
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