Stryker’s Irish division maintains profitability

The Irish arm of US medical device manufacturer Stryker remained in profit last year after returning to the black in 2013, to record pre-tax profits of €87m.

Stryker Ireland is due to shortly make a jobs announcement at its Cork base and its latest accounts show that it recorded pre-tax profits of €87.2m in 2013 following a pre-tax loss of €98.8m in 2012 — a positive swing of €186m.

The firm made a return to profit in 2013 in spite of an exceptional cost of €159.9m in respect of a recall of hip stems and this followed an exceptional cost of €280m in 2012.