Drager sales up 3.7%:
This article was originally published in Clinica
Medtech revenues contributed some 65% of German company Drager's total sales of DM 1,435 million ($1,000 million) in 1995, which were up 3.7% on the previous year. When expressed in local currencies this represents growth of 8%. Medical technology sales increased around 4% in Germany and about 13% abroad. Group net profits were DM 13.7 million, down nearly 10% on 1994. The company blames high German production costs and currency effects. The company spent DM 106 million on R&D, compared with DM 93.5 million in 1994. Drager TGM, which will expand the company's equipment servicing programme for hospitals, was set up in Kirchheimbolanden, Germany, at the end of May.