Worldwide sales of Orthopaedic Implants were $1,017 million for the fourth quarter and $3,967 million for the year ended December 31, 2008, representing increases of 4.2% and 10.6%, respectively. On a constant currency basis, sales of Orthopaedic Implants increased 8.9% in the fourth quarter and 8.8% for the year ended December 31, 2008. Worldwide sales of MedSurg Equipment were $701 million for the fourth quarter and $2,751 million for the year ended December 31, 2008, representing increases of 2.8% and 14.0%, respectively. On a constant currency basis, sales of MedSurg Equipment increased 6.2% in the fourth quarter and 13.2% for the year ended December 31, 2008.
The Company projects that diluted net earnings per share for 2009 will be in the range of $3.12 to $3.22, an increase of 10% to 14% over adjusted diluted net earnings per share of $2.82 to $2.84 in 2008. The financial forecast for 2009 includes a constant currency net sales increase of 6% to 9% as a result of growth in shipments of Orthopaedic Implants and MedSurg Equipment. If foreign currency exchange rates hold near current levels, the Company anticipates net sales will be unfavorably impacted by approximately 4% to 5% in the first quarter of 2009 and by approximately 3% to 4% for the full year of 2009.
"In a challenging economic environment, we are pleased to report our
eighth consecutive year of double-digit sales growth for 2008," commented
Stephen P. MacMillan, President and Chief Executive Officer. "Although our
fourth quarter was impacted by reduced capital purchases by the Company's
hospital customers, our diversified business model helped deliver another
strong year of growth. Despite great uncertainty in the global economy and
continued pressure on hospital capital expenditure budgets, we believe the
strength of our global franchises combined wit
|SOURCE Stryker Corporation|
Copyright©2009 PR Newswire.
All rights reserved