Finnish firm Instrumentarium’s medical equipment division reported a 43% increase in sales in the first six months of 2000, climbing from $48.5 million (U.S.) last year to $69.3 million. The division's operating profit was $5.2 million, compared with $2.3 million through the first six months of 1999.
The firm’s U.S. subsidiary, Instrumentarium Imaging, contributed strong growth, thanks to its acquisition of the surgical imaging company Ziehm in early 2000. Net sales were $29.4 million, up 92% compared with the $15.3 million reported for the first six months of 1999.
Ziehm contributed more than 80% of the growth, particularly in Germany and the U.S. In a down note, mammography equipment sales declined for the period, primarily due to lower U.S. market demand.
By AuntMinnie.com staff writersAugust 16, 2000
Related Reading
Instrumentarium joins Global Healthcare Exchange, July 20, 2000
Instrumentarium taps Ahjopalo as executive director, May 15, 2000
Instrumentarium net income slips in Q1, May 12, 2000
Instrumentarium to debut Diamond system in step towards full-field digital mammo, April 7, 2000
R&D investments drag on Instrumentarium’s profits, February 24, 2000
Instrumentarium to buy C-arm firm Ziehm, January 3, 2000
Copyright © 2000 AuntMinnie.com
