Esaote saw its operating profit grow in 2020, even as revenues remained flat compared with the year before.
Financial results for the company's full fiscal year (end-December 31) show revenues of 219.6 million euros ($264.2 million U.S.), a performance in line with 2019's 219.4 million euros ($264 million).
Esaote's earnings before interest, taxes, depreciation, and amortization (EBITDA) for the period also grew compared with 2019, to 34 million euros ($40.9 million) compared with 25.4 million euros in 2019 ($30.6 million). The company's operating profit amounted to 8.1 million euros ($9.7 million) and its net profit was 1 million euros ($1.2 million).
The company said that Italy remained its main market, accounting for 37% of revenues, followed by Western Europe, China, and North America.
