Sorin closed 2012 with declining revenues and margins, suffering the impact of the earthquake that devastated some areas of Emilia Romagna. Last year, according to a press release from the company active in the treatment of cardiovascular pathologies, revenues fell by 1,7% to 731,1 million, with an estimated impact of the earthquake at around 62 million.
Ebitda fell by 20,9%, to 101,8 million, but net of the earthquake, margins would have been about 31 million higher. Adjusted net profit was down 28,2% to €42,1 million, with an estimated impact of the earthquake at approximately €20 million. Net financial debt fell to 87,8 million from 105,9 million as at 31 December 2011.
For 2013, Sorin expects adjusted net income of between $55 million and $60 million, Cardiopulmonary segment revenues up approximately 10% over 2012, and revenues from the remaining business areas unaffected by the earthquake up 3-5%. %. For the first quarter of the year, the company estimates total revenues of 178-180 million.
