Swedish company Gambro had net income of Skr2.3 billion ($297 million) in 1998, compared with Skr11.5 billion in 1997. Revenues were Skr18.7 billion, down 4%. In January, the dialysis products and services company announced restructuring plans which are aimed at improving profitability and bringing operating margins to 20% within two years (see Clinica No 843, p 9). Over the past few years, Gambro has divested its non-medical businesses.
Gambro net income falls in 1998:
Swedish company Gambro had net income of Skr2.3 billion ($297 million) in 1998, compared with Skr11.5 billion in 1997. Revenues were Skr18.7 billion, down 4%. In January, the dialysis products and services company announced restructuring plans which are aimed at improving profitability and bringing operating margins to 20% within two years (see Clinica No 843, p 9). Over the past few years, Gambro has divested its non-medical businesses.