Corin hips flying off shelves
Corin, the manufacturer of replacement hip and knee joints, says it has seen growth in all its markets except Australia and describes the start of the year as 'strong'.
Corin, the manufacturer of replacement hip and knee joints, says it has seen growth in all its markets except Australia and describes the start of the year as 'strong'.
Looking at the numbers you can see where its coming from: for the four months ended April 30th, constant currency sales growth was 10% excluding stocking orders.
The growth has been led by sales of new hip products. Knee sales, which have in recent years declined, were broadly flat while ligament reconstruction products have shown good growth in the UK, but have in aggregate declined on the back of weaker Australian sales.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
![https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748.jpg](https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748-320-80.jpg)
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
There has been double-digit sales growth in the UK, US, Japanese and German and Austrian markets, with only the Australian business declining compared to the prior year.
Initial implantations of the new "Unity Knee" have gone well and the product remains on track for commercial launch early in 2013.
Corin shares had risen 5.5% by 10:45.
BS
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
-
Regulator moves to protect access to cash amid branch closures and disappearing ATMs
News The Financial Conduct Authority has told banks to start assessing if local communities have adequate cash access from mid-September
By Marc Shoffman Published
-
VAT hike on private school fees could come earlier than previously expected
The government could start charging VAT on private school fees as soon as January 2025, according to the latest reports. What does it mean for parents?
By Katie Williams Published