Getinge Plagued by Further Regulatory Costs; Brazil Investigation Hits Harder Than Expected
No-moat Getinge has traded down by a high-single-digit percentage over the past two days after announcing a larger-than-anticipated provision related to ongoing investigations by Brazilian regulatory authorities. After assessing our model, we believe we are adequately conservative in our valuation and are maintaining our SEK 104 fair value estimate. We incorporate roughly SEK 1,250 million in restructuring and other cash outlays over our explicit forecast period, which accounts for current (and ...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.
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