Third-quarter profits for Sorin Group soared some 7,200% on sales growth of 12.4% as the Italian medical device company finalized its recovery from a pair of earthquakes last year.
Milan-based Sorin reported profits of €14.6 million, or $20.2 million, on sales of €180.3 million, or $249.0 million, for the 3 months ended Sept. 30. Adjusted to exclude 1-time items, profits were €15.7 million, or $21.7 million.