Ambu's first-half profit hit by lawsuit:
This article was originally published in Clinica
Ambu (Denmark) has reported six-month profits "somewhat below the planned level" because of an unforeseen DKr 5 million ($0.9 million) cost connected with the settlement of a US lawsuit on patent rights. Net income halved to DKr 4.6 million from DKr 10.1 million a year earlier despite sales increasing 3% to DKr 109 million. In Europe, turnover rose 15%, the company says. Ambu has lowered its full-year forecast to DKr 13-14 million against last year's DKr 16.3 million.