Slide 1: Provision related to surgical mesh litigations
Provision related to surgical mesh litigations Mattias Perjos, President and CEO Lars Sandström, CFO October 15, 2018
Slide 2: Background: Atrium Medical Corporation's surgical mesh products
Background Atrium Medical Corporation’s surgical mesh products • Atrium Medical was acquired in 2011 • Atrium Medical’s surgical mesh implant products • Polypropylene mesh is the established standard of care since the 60's for hernia repair • Product names: ProLite, C-Qure • The Atrium Medical’s sur
Slide 3: 900 pending lawsuits
900 pending lawsuits Started to pick up late 2017 • The mesh product liability claims currently involves approximately 900 pending lawsuits in the U.S. and in Canada • Patients are claiming damages for complications and injuries allegedly suffered after receiving surgical mesh implants • The trials
Slide 4: Provision of SEK 1.8 billion
Provision of SEK 1.8 billion To cover future expenses related to the mesh claims • Provision of SEK 1.8 billion to cover expenses related to the claims • The provision will impact the operating result in the third quarter 2018 and will be reported as Items Affecting Comparability • Getinge will make
Slide 5: Product liability insurance coverage
Product liability insurance coverage • The group holds related product liability insurance • The insurance company has reserved their right to deny coverage, which is not uncommon • If those discussions are not productive, the Group may commence litigation against its carriers Page 5
Slide 6: Q&A
Q&A Page s GETINGE 3
Slide 7: Forward looking information
Forward looking information This document contains forward-looking information based on the current expectations of the Getinge Group’s management. Although management deems that the expectations presented by such forward-looking information are reasonable, no guarantee can be given that these expec
Slide 8: GETINGE
Se A GETINGE PASSION FOR LIFE