Sales at Shannon medical technology firm exceed €1bn

SALES at a Shannon-based medical technology firm which is favoured by one of the world’s richest men, Warren Buffett, exceeded €1 billion last year.

According to accounts just filed by the US-owned Benex Ltd to the Companies Office, revenues at the company – which employs only 15 at its Shannon base – increased by 4% or €38 million to €1.018bn to the end of September last year.

However, pre-tax profits at the company slumped by 14% from €91.4m to €78.5m.