Getinge Plunges on Forecast of First-Quarter Profit Drop
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Getinge AB plunged the most since trading began in 1993 after the maker of hospital equipment said first-quarter profit will drop on higher costs to improve quality after regulatory inspections last year.
Getinge tumbled 21 percent to close at 182.80 kronor at 5:30 p.m. in Stockholm in trading of 10.6 million shares, about 16 times the daily average from the past three months. The company has a market value of 43.6 billion kronor ($6.8 billion).