HistoryB Braun Medical has posted a multimillion-pound loss for 2010 after it was hit by one-off costs including some arising from the closure of a Sheffield manufacturing facility.
Costs associated with B Braun's closure of its Allen Street facility in Sheffield and its decision to stop selling its Downs portfolio to overseas customers amounted to £1m in the year to 31 December 2010.
The healthcare company – which distributes medical products and equipment - also included a £7m provision in its accounts for loans to a loss-making subsidiary it expected would be unrecoverable.
The exceptional charges were the primary reason for a £5.6m pre-tax loss posted by the business for the year, although turnover also fell by £6m to £84m.
Revenue had also been affected by the loss of non-recurring sales generated by the swine flu outbreak in 2009, it said.
However, in a report filed at Companies House the company said it expected to report ongoing growth for the continuing business throughout 2011 and beyond.
Headquartered at Thorncliffe Park in Sheffield, B Braun Medical is part of the Germany-headquartered global healthcare business B Braun Group.