Boston Scientific's Irish subsidiary announces increase in profits

Posted Sep 29, 2016

Positive news from Boston Scientific’s Irish subsidiary. Solid revenue and profit numbers, however LSC found the other figures really interesting.

-Increase in gross profit margin from 48% in 2014 to 51% in 2015 due to decreased manufacturing costs. When we are hearing so much about the increasing cost base here in Ireland, it is good to see that companies based in Ireland are still able to improve on manufacturing costs and improve profitability.
-Boston Scientific Ireland have increased their headcount from 2,768 in 2014 to 4,287 in Ireland last year.