Hill-Rom Ltd, a major supplier of care equipment like hoists and beds has cited “a challenging year” in the market for a 11% fall in its sales. While profits rose marginally the company said its figures were impacted by the declining value of the pound.
Turnover dropped by nearly £3m from just under £26m in 2015 to just over £23m in 2016. Meanwhile, profit before tax rose by £740,000 to around £1.2m, it was revealed in the latest financial report it filed.
The company said it is “aggressively investing” to ensure it is a market leader in care equipment and diverted “substantial input” into its R&D facilities in the last year to ensure new products meet the demands of the UK market.
Its directors said that it is expecting a successful year in 2017 with a number of opportunities in the pipeline.
“Continued focus on product innovation is key to this concept and Hill-Rom has plans for new innovative products to be launched during the next financial year,” the directors said.
Hill-Rom is a BHTA-approved global supplier with its parent company based in the US. The NHS is Hill-Rom’s largest customer in the UK and it provides a range of products including hoists, slings, beds and bariatric solutions.