Sales surge at Jomed

Medical technology group, Jomed, has seen sales increase sharply over the first half of the year. Turnover between January and June shot up by 51 per cent to SFr46 million ($27 million).

This content was published on August 9, 2000 - 14:38

Operating profit at the Zurich-based group more than doubled at SFr6.8 million, with net profit tripling to SFr4 million.

"In addition to strong growth in Europe, the Japanese market is progressing very well and has seen a continual climb in sales," the company said in a statement.

The company was launched on the SWX New Market in April, and took its first step into the United States market in May when it bought New York-based MediDyne.

On Monday, Jomed, announced it intended to further strengthen its position in the US by buying Endosonics of California, a leading manufacturer of products used in ultrasound technology. Most of the purchase will be funded through a new stock offer on the Swiss exchange.

Jomed specialises in products for minimally invasive therapy and interventional cardiology.

by Tom O'Brien

In compliance with the JTI standards

In compliance with the JTI standards

More: SWI certified by the Journalism Trust Initiative

Sort by

Change your password

Do you really want to delete your profile?

Your subscription could not be saved. Please try again.
Almost finished... We need to confirm your email address. To complete the subscription process, please click the link in the email we just sent you.

Discover our weekly must-reads for free!

Sign up to get our top stories straight into your mailbox.

The SBC Privacy Policy provides additional information on how your data is processed.