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Wednesday, June 19, 2024

Shareholders approve 2023 financial statements

Esaote S.p.A., a leading medical imaging manufacturer, has reported impressive financial results for the fiscal year 2023. The company saw a 6.5% increase in consolidated revenues, reaching 273.2 million euros, with EBITDA at 41.7 million euros, a 24.5% rise from the previous year. Esaote’s EBIT reached 13.4 million euros, and the net profit tripled to 6.2 million euros compared to 2022.

Sales growth was observed across all business lines, particularly in the ultrasound segment, which saw a significant increase of 9.7%. Additionally, the MRI segment achieved record sales for the second consecutive year, with a growth of 3.3%. This robust performance is part of Esaote’s long-term strategy focused on innovation, quality, people, and differentiation of product portfolios.

Esaote has been experiencing continuous expansion, with an average annual growth rate of 7.6% over the past four years. The company’s commitment to R&D is evident with an investment of 32.9 million euros in this area in 2023. Furthermore, Esaote has a strong presence in international markets, which account for 64.5% of total revenues, with notable sales growth in Western Europe, North America, and China. Latin America and APAC markets also showed significant growth.

Franco Fontana, CEO of Esaote SpA, expressed confidence in the company’s future despite a challenging global economic environment. He highlighted Esaote’s focus on innovation, quality, people, and market differentiation as key factors driving their success. With a strong emphasis on R&D and product development, Esaote aims to remain at the forefront of the medical imaging industry.

Noteworthy achievements in 2023 include the successful introduction of new high-end cart ultrasound systems, such as the MyLabTMX90, and the new “total body” open magnetic MRI system, Magnifico Open. These innovative products have attracted significant interest across markets, positioning Esaote as a leader in technologically advanced medical imaging solutions.

Esaote continues its commitment to sustainability, with ongoing initiatives in ESG areas and a focus on employee well-being through training programs and support tools. The company currently employs around 1,250 individuals, with a strong emphasis on internal resource development in Italy and beyond.

The positive financial results and strategic growth initiatives underscore Esaote’s position as a global leader in the medical imaging industry. The company’s dedication to innovation, quality, and market expansion bodes well for its future success in delivering cutting-edge healthcare solutions.

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