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Esaote posts small sales, earnings drop for 2011
By AuntMinnieEurope.com staff writers

April 27, 2012 -- Buffeted by a tough economic climate in Europe that has weighed down the healthcare sector, ultrasound vendor Esaote posted a small drop in both revenue and earnings for fiscal 2011 (end-December 31).

Consolidated sales were 328.2 million euros ($534.2 million U.S.) for fiscal 2011, down 0.4% from the previous year, while earnings before interest, taxation, depreciation, and amortization (EBITDA) dropped to 36.6 million euros ($48.5 million) from 44.1 million euros ($58.5 million) in 2010.

At the same time, consolidated sales for the quarter ended March 31, 2011, rose 2.7% compared to the same period in 2010, spurred by strong growth of 7.7% in international sales that were especially strong in China (up 15.3%) and India (up 10.4%).

For 2011, international sales were up 4% to 206.4 million euros ($273.6 million) compared to the same period a year ago, while sales in Italy fell 7.1%, Esaote said.

Esaote adds to Virtual Navigator at ECR, February 28, 2012

Esaote introduces system at Euroecho, December 8, 2011

Esaote launches MyLabAlpha at RSNA, November 27, 2011

Esaote purchases 3mensio, April 4, 2011

Esaote reports 2010 revenue boost, March 25, 2011


Copyright © 2012 AuntMinnieEurope.com

Last Updated 4/27/2012 11:52:01 AM

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