Instrumentarium's profits fall as marketing expands
This article was originally published in Clinica
Executive Summary
In the first eight months of 1995, Instrumentarium's net profits fell to FMk 111 million ($25 million) compared with FMk 153 million in the previous year. The Finnish company attributes the decline to expansion of its global sales network for healthcare equipment as well as additional R&D investment. The acquisition of the Engstrom anaesthesia and critical care businesses in autumn 1994 caused costs to increase more than net sales, says the company. Total turnover rose 6% to FMk 1,322 million.