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Home Industry News Stryker reports strong preliminary financial results for 2016

Stryker reports strong preliminary financial results for 2016

12th January 2017

Stryker has announced its preliminary results for the fourth-quarter and full-year periods of 2016, highlighting its strong performance during this time.

For the full 12 months, the company's net sales have been calculated at $11.3 billion (9.22 billion pounds), which represents a year-on-year increase of 13.9 percent, or 14.3 percent on a constant currency basis.

This strong performance was achieved thanks to a fourth-quarter sales total of $3.2 billion – up by 16.3 percent on Q4 2015 – and strong momentum for its orthopaedics, MedSurg and neurotechnology and spine businesses.

The acquisitions of Sage Products and Physio-Control International contributed significantly to the double-digit growth, while the firm was also able to deliver leveraged adjusted earnings gains.

Kevin Lobo, chairman and chief executive officer of Stryker, said: "I am pleased with our performance in both the fourth quarter and the full year 2016 … We enter 2017 with good momentum across our businesses and look forward to building on this success."

Stryker will be providing detailed sales and earnings guidance for 2017 later this month.

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