Instrumentarium net income slips in Q1

Helsinki-based imaging vendor Instrumentarium had revenues of US$175.6 million in its first quarter (end-March 31), a 5% increase compared with the $167.1 million posted in the same period last year. The modest revenue gain wasn't enough to boost the Finnish firm's net income, however.

Instrumentarium had net income of $727,000 in the quarter, compared with $8.8 million in the first quarter in 1999. In positive developments, the company's U.S. subsidiary, Instrumentarium Imaging, reported a 95% increase in revenues, driven largely by the acquisition of surgical imaging firm Ziehm at the beginning of the year.

By AuntMinnie.com staff writers
May 12, 2000