Esaote grows profit on flat revenue 2020

By staff writers

April 30, 2021 -- Esaote saw its operating profit grow in 2020, even as revenues remained flat compared with the year before.

Financial results for the company's full fiscal year (end-December 31) show revenues of 219.6 million euros ($264.2 million U.S.), a performance in line with 2019's 219.4 million euros ($264 million).

Esaote's earnings before interest, taxes, depreciation, and amortization (EBITDA) for the period also grew compared with 2019, to 34 million euros ($40.9 million) compared with 25.4 million euros in 2019 ($30.6 million). The company's operating profit amounted to 8.1 million euros ($9.7 million) and its net profit was 1 million euros ($1.2 million).

The company said that Italy remained its main market, accounting for 37% of revenues, followed by Western Europe, China, and North America.

Copyright © 2021

To read this and get access to all of the exclusive content on create a free account or sign-in now.

Member Sign In:
MemberID or Email Address:  
Do you have a password?
No, I want a free membership.
Yes, I have a password:  
Forgot your password?
Sign in using your social networking account:
Sign in using your social networking