The directors state that the profit for the year is principally related to the 10 per cent increase in turnover and a reduction of €36 million in the tax charge which was inflated considerably in 2020 as a result of booking a Danish tax provision of almost €42 million.
The group has a large customer base of hospitals and clinics in western Europe and also exports to distributors in eastern Europe, the Middle East and Africa as well as supplying products to the North and South American and Asia Pacific markets.
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