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Getinge slashes sales outlook on supply chain, China uncertainty

Oct 19 (Reuters) – Swedish medical equipment maker Getinge (GETIb.ST) cut its 2022 sales outlook for the second time this year on Wednesday, citing uncertainty around supply chain disruptions and China’s zero-COVID policy.

The company forecast a 3% to 6% decline in its full-year organic sales. It had previously guided for sales in line with last year.

It also said elective surgeries at hospitals had not yet recovered to pre-pandemic levels, leading to lower order intake and sales in the third quarter.

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Reporting by Marta Frackowiak in Gdansk; editing by Milla Nissi

Our Standards: The Thomson Reuters Trust Principles.

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