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Home Industry News Hill-Rom raises 2018 outlook following strong Q1 results

Hill-Rom raises 2018 outlook following strong Q1 results

15th February 2018

Hill-Rom has improved its 2018 full-year outlook after posting strong financial results for the fiscal first quarter to December 31st 2017.

The company, which manufactures hospital beds and other healthcare equipment, reported worldwide revenue of $670 million (GBP 476.6 million), a year-on-year increase of five percent, or three percent on a constant-currency basis.

Its patient support systems business delivered revenue of $334 million, which was fairly consistent with a year earlier, while income from the frontline care and surgical solutions segments increased to $225 million and $111 million respectively.

For the full 2018 fiscal year, Hill-Rom is predicting revenue growth of three to four percent on a reported basis, with core revenue – excluding foreign currency, divestitures and other exceptional items – expected to go up by approximately three percent.

John Greisch, the firm's president and chief executive officer, said: "Our financial outlook continues to reflect our commitment to accelerate revenue growth, advance innovation, and capitalise on our attractive growth prospects to create significant value for customers, patients and shareholders."

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