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Home Industry News Hill-Rom reports double-digit growth for third quarter of 2016

Hill-Rom reports double-digit growth for third quarter of 2016

10th August 2016

Hill-Rom has announced its financial results for the third quarter of 2016, during which it achieved a revenue total of $655 million (503.49 million pounds).

This represented a year-on-year increase of 38 percent, or 39 percent on a constant currency basis. On a pro-forma constant currency basis, revenue increased by two percent, with the overall figure bolstered by the recent acquisition of Welch Allyn.

The takeover had a strong effect on the performance of the company's frontline care division, with its surgical solutions business also experiencing year-over-year growth. Its strong US results helped to offset a decline in its international takings.

Recent highlights include the successful launch of its VisiVest Airway Clearance System, while its global footprint optimisation strategy continued with the closure of two European manufacturing facilities.

For the full year, Hill-Rom expects to achieve pro forma constant currency growth of between two and three percent.

John Greisch, president and chief executive officer of Hill-Rom, said: "This performance reflects the value of our diversified portfolio, our disciplined focus on commercial and operational execution, and our commitment to cost management and margin improvement across our businesses."

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