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Thermo Fisher Scientific Baltics raises 2016 profit 2.5 times y-o-y

BC, Vilnius, 02.06.2017.Print version
Thermo Fisher Scientific Baltics, a US-owned Lithuanian producer of medical and scientific equipment, last year netted 81.635 mln euros in audited profit, up by a factor of 2.5, from 32.28 mln euros, in 2015, reports LETA/BNS.

Annual sales revenue jumped by 73 % to 176.678 mln euros, the company said in its 2016 annual report filed with the Center of Registers.


Thermo Fisher Scientific Baltics raised its sales in North America by a factor of 2.4 to 89.1 mln euros in 2016 y-o-y, while sales in Europe soared 53.3 % to 78.4 mln euros and declined by 31% to 9.2 mln euros in other countries.


The Lithuanian company owns a 100-% stake in China's Fermentas China.


At the end of last year, 62.94 % of the company's shares were owned by Hong Kong-registered Thermo Fisher China Business Trust II, 18.82 % by Germany's Oxoid Investments and 18,24 % by Thermo Fisher Scientific of Hong Kong.






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