Radiometer's medical sales below expectations:
This article was originally published in Clinica
Radiometer, the Danish blood gas meter manufacturer, reported a 2% sales increase for its medical division in the six months to October 31st, 1996. Weak demand in the US and Japan limited gains, which were described by the company as "somewhat below expectations." Corporate sales for the six-month period were DKr 821.2 million ($139 million), up 3.6% on restated year-earlier figures. After-tax profits, at DKr 74.2 million, were down 27% on 1995 figures. Radiometer blames the fall on a combination of factors, including the strength of the krone, interest rates and higher tax rates.