Getinge – a restructuring play

DJ Getinge a Top Pick for Jefferies — Market Talk

1206 GMT Jefferies says Getinge remains its top pick within the medical supplies and devices sector, followed by GN Store Nord and IBA. Says it also remains positive on Amplifon due to volume re-distribution and Essilor on consolidation. In dialysis, its clear preference remains DaVita versus FMC. “The new [Getinge] CEO has outlined ample opportunity to improve margins and we believe pricing and a review of distribution should drive significant improvements.” It sees upside from further re-rating and strong earnings growth driven by organic sales momentum and cost-cutting. It stays cautious on Elekta, due to stuttering order book growth and concerns over product mix and margins. (dominic.chopping@wsj.com)

 
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