The Sorin Group posted a third-quarter revenue of EUR 160.4 million. This represents a decrease of 6.4 percent compared to the third quarter of 2011. The profit was EUR 0.2 million.
As the reason for the weak quarter, the Italian manufacturer of pacemakers stated the earthquake in Mirandola in May this year. The loss of production had cost around EUR 30 million and EUR 13 million net income. Product sales, which were not affected, increased by 2.6 percent.
With heart-lung machines generating 20.7 million euros for the Milanese company, EUR 31.3 million came from oxygenators sales, with EUR 11 million from autotransfusion devices. For the full year, the Sorin Group now expects EUR 65-70 million.
[ilink url=“http://www.sorin.com/press-release/sorin-group-announces-2012-third-quarter-results“] Link zur Quelle (Sorin Group)[/ilink]