Getinge's First-Quarter Results Put the Firm on Track to Exceed Our Full-Year Estimates
Getinge's first-quarter results surpassed our full-year expectations on revenue and were consistent with our outlook that calls for modest margin expansion for the full year. We don't intend to make many changes to our model, but with 6% organic revenue growth, or roughly 14% as reported, management's 2%-4% organic growth target appears too conservative. Any adjustments we make will likely move our SEK 97 per share fair value estimate higher by a low- to mid-single-digit percentage for this no-m...Getinge is engaged in three business areas: Medical Systems, Extended Care and Infection Control. Medical System's product range includes surgical tables, surgical lamps, telemedicine, perfusion products, instruments for bypass operations, ventilators, anesthesia systems, synthetic vascular implants and stents. Extended Care's product range includes bathing and shower solutions, lifting equipment and mattresses for the treatment and prevention of pressure ulcers, as well as service and consulting. Infection Control's product range comprises disinfectors, sterilizers, information technology systems and related equipment, as well as service and consulting.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
We have operations in 27 countries.
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