Profit at medical product manufacturing firm Hollister dips

US medtech manufacturer employs near 1,000 people at its base in Ballina, Co Mayo

In July this year, Hollister announced that is investing €80m and creating 50 new jobs at its Ballina facility.

Pre-tax profits at one of the largest and longest established US multi-national firms based in the west of Ireland, Hollister, dipped marginally to €22.2m last year.

Consolidated accounts filed by medical device manufacturer Hollister ULC show the group recorded a slight decrease in profits as revenues increased from €330.4m to €331.9m. The pre-tax profits of €22.2m last year follow pre-tax profits of €22.4m in 2023.