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Home Industry News Hill-Rom cites European performance as downward pressure

Hill-Rom cites European performance as downward pressure

1st August 2011

Hill-Rom has released its financial results for the third quarter of its fiscal year and noted that its European activity was a key factor in a fall in international segment revenue.

While the firm as a whole reported a seven percent year-on-year rise in sales – taking its total to $385 million for the three months to June 30th 2011 – growth was not enjoyed across all sectors.

John J Greisch, president and chief executive of Hill-Rom, said: "Our third-quarter performance was mixed, with continued strength in our North America Acute Care business partially offset by weaker international results."

The firm explained that its international segment revenue fell by two per cent or 12 per cent on a constant-currency basis.

While results in Latin America were in positive territory, a decline in income in Europe weighed heavily on this area.

A charge relating to a potential legal settlement meant the company's profits nose-dived 95 per cent during the quarter, leading to a drop in the Hill-Rom share price.ADNFCR-8000103-ID-800662687-ADNFCR

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