Full year net sales were reported as $4.45 billion, a 5.5 percent increase over 2010. The company's success can be attributed to above-market performance in European, Middle Eastern, African and Asian Pacific businesses, according to Zimmer President CEO David Dvorak. The American market remained flat, with reported net sales at $620 million.
During the fourth quarter, the company completed its acquisition of ExtraOrtho. The knee sales were flat at $475 but experienced a 4 percent decrease in the American market. Hip sales grew by 5 percent to $458 million, and spine sales saw a 6 percent increase to $56 million.
For the full year, the American market was also flat overall. The knee business had a 2 percent increase, but sales in the American market decreased 4 percent.
Related Articles on Orthopedic Devices:
DJO Net Sales Top $1B in 2011 Preliminary Report
Costs Mount for DePuy ASR Hip Recall Program as DePuy Sees US Sales Drop
Pioneer Surgical Opens Expanded North Carolina Manufacturing Facility
Zimmer's 2.9% Sales Increase Driven by Foreign MarketsWritten by Laura Miller | January 26, 2012
Zimmer Holdings has reported net sales of $1.17 billion for the fourth quarter of 2011, a 2.9 percent increase over the same period last year, according to a company news release.
© Copyright ASC COMMUNICATIONS 2011. Interested in LINKING to or REPRINTING this content? View our policies here.