5th Jan 2016 07:58
LONDON (Alliance News) - Infection prevention, contamination control and hygiene products manufacturer Tristel PLC on Tuesday said it has upgraded its German branch to subsidiary status.
The Berlin-based unit has made significant progress in the German hospital market, Tristel said, and increased sales to GBP1.5 million in the year to the end of June 2015, from only GBP50,000 in financial 2011.
"We are very pleased with the platform that we have built in Germany. The progress that we have made in Europe's largest hospital market is evident in the fact that Germany's contribution to group worldwide sales is now approaching 10%. However, there is still enormous potential to exploit if the level of our German sales is to match the United Kingdom's," said Paul Swinney, Tristel's chief executive.
Swinney added the German team will now work on extending the group's presence in the central and eastern European markets.
By Sam Unsted; [email protected]; @SamUAtAlliance
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