Minimal invasive surgery specialist Surgical Innovations (SUN) has warned the market of an impending blow to pre-tax profits. Ahead of its full year results, the company has admitted that profitability for the 12 months to 31 December 2013 will be materially below its 2012 comparitive of £2.9m.
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Sales into the US continue to be strong for the group - a substantial increase of 75 per cent has been recorded for branded products entering the market. That said, the group confirmed a US dollar FX headwind and investment costs in the second half will cause adverse effect on its cash profit figures for 2013.
