Getinge's financial risk management is centralized to capitalize on economies of scale, synergy effects and to minimize operational risks.
The central treasury function is responsible for the Group's borrowing, liquidity management, currency and interest rate risk management, and serves as an internal bank for the Group's financial transactions. In addition to ensuring that Getinge has secure financing, financial transactions are conducted with the aim of limiting the Group's financial risks.
Getinge's ambition is to meet credit ratios equivalent to investment grade and Leverage (Net Debt to Adjusted EBITDA) shall be monitored and kept within 2.5x. Getinge's Leverage may exceed this level temporarily from time to time, in order to finance acquisitions or due to short term effects.
The Group shall aim to diversify the funding sources and the maturity profile to reduce the refinancing risk. Considerations shall be taken to the maturity of the back-up facility, when placing maturities in the capital market.
The available cash in the Group, including unused credit facilities, shall at all times exceed 1 000 MSEK. Furthermore, at most 20 percent of Getinge’s outstanding utilized debt may fall due within 12 months, unless replacement facilities are agreed.