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FX (foreign exchange) effects colour US firms' performance in latest quarter

This article was originally published in Clinica

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Executive Summary

Amersham's sales of equipment for diagnostics helped prop up ailing revenues from laboratory equipment in the first quarter of 2003. However, the UK-based company suffered from unfavourable foreign exchange (FX) rates. Excluding the effects of this, and of discontinued product lines, sales were up by 6%. In April the company merged its non-core brachytherapy business with US firm Galil Medical's urology business, to sharpen its own focus on medical diagnostics.

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This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call +44 (0) 20 3377 3183

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