GETINGE AB ANNUAL REPORT 2007 - Alle jaarverslagen

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8 | The Getinge ShareTHE GETINGE SHAREGetinge’s Class B share has been listedon the OMX Nordic ExchangeStockholm AB since 1993 and on the Alist since 2002. In 2007, a round lotconsisted of 200 shares. The numberof shareholders is approximately35,000. The percentage of foreignownedshares amounts to 31.5% (30.7).Swedish institutional ownership is38.2% (39.2), of which equity fundsconstitute 16.8% (17.6).Share trend and liquidity in 2007At the end of the year, the Getinge sharewas listed at SEK 173.50, which is a riseof 13% during the year. The highestprice paid was SEK 180.50 (5 November2007) and the lowest was SEK 141.80(28 February 2007). At year-end, themarket capitalisation amounted to SEK35.6 billion, compared with SEK 31.0 billionat the end of the preceding year.The turnover of shares in 2007 totalled181,868,916 (155,694,634).Share capital andownership structureAt year-end 2007, the share capital inGetinge totalled SEK 100,936,960 distributedamong 201,873,920 shares. Allshares carry the same dividend entitlement.One Class A share carries tenvotes and one Class B share carries onevote.Dividend policyFuture dividends will be adjusted in linewith Getinge’s profit level, financial positionand future development possibilities.The aim of the Board is that, in thelong term, dividends will compriseapproximately one third of the profit afterfinancial items and a standard tax rate of28%.Shareholder information andanalysesFinancial information about Getinge isavailable on the Group’s website at theaddress www.getingegroup.com.Questions can also be put directly to thecompany by e-mail to info@getinge.comor by telephone on +46 (0)35-15 55 00.It is possible to request annual reports,interim reports and other informationfrom the Group’s Head Office on tel:+46 (0)35-15 55 00, from the website orvia the e-mail address above.Shareholder valueGetinge’s management works continuouslyto develop and improve the financialinformation relating to Getinge toprovide current and future shareholderswith favourable conditions to evaluatethe Group in as fair a manner as possible.This includes active participation atmeetings with analysts, shareholdersand the media. During the year, theGetinge share was monitored and analysedby the following analysts, amongothers:– ABG Sundal Collier– ABN Amro Securities– Carnegie– Cazenove– Cheuvreux– Danske Bank– Enskilda– Goldman Sachs– Hagströmer & Qviberg– Handelsbanken– Kaupthing Bank– Main First Bank– Nordea– Sal. Oppenheim– Standard & Poor’s– Swedbank– UBS– Öhman EquitiesPrice and volume trend 2007 Price and volume trend 2003 - 2007Class B shareOMX Stockholm_PIShare turnover, 000s(including after-hourstrading)Class B shareOMX Stockholm_PIShare turnover, 000s(including after-hourstrading)
The Getinge Share | 9RRIFRSSHARE DATAAmounts in SEK per shareunless otherwise stated 2003 2004 2005 2006 2007Earnings per share after full tax 3,85 5,69 5,64 6,21 6,24Market price for Class B share at year-end 69,00 82,80 109,50 153,50 173,50Cash flow from operating activities 6,90 5,40 5,80 7,45 6,58Dividend, SEK per share 1,35 1,65 2,00 2,20 2,40Dividend growth, % 27,36 22,22 21,21 10,00 9,09Dividend yield, % 1,96 1,99 1,83 1,43 1,38Price/earnings ratio 17,90 14,60 19,40 24,72 27,80Dividend as profit percentage,% 35,06 29,00 35,46 35,43 38,46Shareholders’ equity 17,49 21,15 26,66 29,64 32,68Average number of shares (million) 201,90 201,90 201,90 201,90 201,90Number of shares 31 December (million) 201,90 201,90 201,90 201,90 201,90A 4:1 split was implemented in 2003. The number of shares before the split was 50,468,480 and after the split201,873,920. The key figures above have been recalculated based on the number of shares after the split.Market value trend, SEK billion353025201510502003 2004 2005 2006 2007At 31 December 2007Earnings per share, SEKDEVELOPMENT OF SHARE CAPITALTransaction Number of shares before transaction Share capital after transaction, SEK1990 Formation 500 50 0001992 Split 50:1, par value SEK 100 to SEK 2 25 000 50 0001992 Private placement 5 088 400 10 176 8001993 Private placement 6 928 400 13 856 8001995 Non-cash issue 15 140 544 30 281 0881996 Bonus issue 2:1 45 421 632 90 843 2642001 New issue 1:9 at SEK 100 50 468 480 100 936 9602003 Split 4:1, par value SEK 2 to SEK 0.50 201 873 920 100 936 96065432102003 2004 2005 2006 2007LARGEST SHAREHOLDERS IN GETINGECompany Class A shares Class B shares % of capital % of votingCarl Bennet companies 13 502 160 22 837 124 18.0 48.8Swedbank Robur funds 13 225 766 6.6 4.1AFA 7 826 945 3.9 2.4Cantillon Capital Management LLC 7 197 485 3.6 2.2SEB funds 6 152 822 3.0 1.9Alecta 5 600 000 2.8 1.7Fourth Swedish National Pension fund 4 352 300 2.2 1.3SHB/SPP funds 4 345 477 2.2 1.3Nordea funds 2 641 356 1.3 0.8Second Swedish National Pension fund 2 602 660 1.3 0.8Folksam 2 480 937 1.2 0.8Schroder funds 2 006 125 1.0 0.6AMF Pension 2 000 000 1.0 0.6SHB pension foundation 2 000 000 1.0 0.6Other 107 108 888 53.1 33.1Total 13 502 160 188 371 760 100 100Dividends per share, SEK2,52,01,51,00,50,02003 2004 2005 2006 2007P/E ratioOWNERSHIP BY COUNTRY, %Country 2003 2004 2005 2006 2007Sweden 65,5 66,4 71,2 69,3 66,4Other Nordic countries 2,2 3,2 4,7 4,3 4,9US 15,6 12,9 11,4 13,9 14,6UK 6,3 5,6 3,3 2,9 4,5France 1,0 2,1 1,4 1,3 0,9Other countries 9,4 9,8 8,0 8,3 8,7SHARE CAPITAL DISTRIBUTIONNumber of shares Number of votes % of capital % of voting rightsClass A 13 502 160 135 021 600 7% 42%Class B 188 371 760 188 371 760 93% 58%Total 201 873 920 323 393 360 100% 100%3025201510502002 2003 2004 2005 2006Ownership by countryOWNERSHIP STRUCTUREHolding Ownership, % Shareholding, %1-500 64,1 2,1501-1 000 17,3 2,51 001-10 000 16,3 8,110 001-100 000 1,6 8,7>100 001 0,7 78,6Information refers to ownership structure of Getinge AB on 28 December 2007.Source: VPC and SIS Ägarservice.SwedenOther Nordic countriesUSUKFranceOther countries0 20 40 60 80 100 %
Page 1 and 2: GETINGE ABANNUAL REPORT 2007
Page 3 and 4: GROUPOrganic sales growth, % Sales,
Page 5 and 6: Comments 2007 by the in CEO brief |
Page 7 and 8: Comments by the CEO | 32007 was yet
Page 9 and 10: Comments by the CEO | 5SLIMMED PROD
Page 11: Expansion in cardiac surgery | 7
Page 15 and 16: Five-year summary | 11RRIFRSOrder s
Page 17 and 18: Strategic focus | 13To remain an at
Page 19 and 20: Strategic focus | 15STRATEGIC APPRO
Page 21 and 22: Getinge in society | 17Care busines
Page 23 and 24: Medical Systems 2007 | 19Orders rec
Page 25 and 26: Medical Systems 2007 | 21MEDICAL SY
Page 27 and 28: Medical Systems 2007 | 23MAQUET FLO
Page 29 and 30: Medical Systems 2007 | 25Product ar
Page 31 and 32: Extended Care 2007 | 27Orders recei
Page 33 and 34: Extended Care 2007 | 29EXTENDED CAR
Page 35 and 36: Extended Care 2007 | 31The new rang
Page 37 and 38: Extended Care 2007 | 33Product area
Page 39 and 40: Infection Control 2007 | 35INFECTIO
Page 41 and 42: Infection Control 2007 | 37INFECTIO
Page 43 and 44: The business area launched the worl
Page 45 and 46: Infection Control 2007 | 41Product
Page 47 and 48: Corporate Governance | 43Getinge’
Page 49 and 50: Corporate Governance | 45meetings d
Page 51 and 52: Corporate Governance | 47INTERNAL C
Page 53 and 54: Financial information: contents | 4
Page 55 and 56: Directors’ Report | 51is Medical
Page 57 and 58: Directors’ Report | 53tured manne
Page 59 and 60: Consolidated Accounts | 55CONSOLIDA
Page 61 and 62: Consolidated Accounts | 57CHANGES I
Page 63 and 64:
Consolidated Accounts | 59CONSOLIDA
Page 65 and 66:
Consolidated Accounts | 61amount ex
Page 67 and 68:
Consolidated Accounts | 63the asset
Page 69 and 70:
Consolidated Accounts | 65ries are
Page 71 and 72:
Consolidated Accounts | 674 DEPRECI
Page 73 and 74:
Consolidated Accounts | 691 2 F I X
Page 75 and 76:
Consolidated Accounts | 7113 STOCK-
Page 77 and 78:
Consolidated Accounts | 7320 RESTRU
Page 79 and 80:
Consolidated Accounts | 75ACTUARIAL
Page 81 and 82:
Consolidated Accounts | 77Distribut
Page 83 and 84:
Consolidated Accounts | 79ted to ot
Page 85 and 86:
Consolidated Accounts | 81Distribut
Page 87 and 88:
Parent Company Accounts | 83BALANCE
Page 89 and 90:
Parent Company Accounts | 85CASH-FL
Page 91 and 92:
Parent Company Accounts | 878 TAXES
Page 93 and 94:
Parent Company Accounts | 8911 PREP
Page 95 and 96:
Quaterly data | 91QUARTERLY DATAPER
Page 97 and 98:
Addresses | 93ADDRESSEsHEAD OFFICEG
Page 99 and 100:
Addresses | 95INTERNATIONALArjoHunt
Page 101 and 102:
Addresses | 97Getinge UK LtdOrchard
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GETINGE AB ANNUAL REPORT 2007 - Alle jaarverslagen

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