Bausch & Lomb expects sales boost

Bausch & Lomb, which is in the process of a £3.7bn takeover by private equity firm Warburg Pincus, has said its estimate suggests sales grew between 8 per cent and 9 per cent in third quarter of 2007.

According to Sharewatch, in a filing with the Securities and Exchange Commission, B&L reported sales between $625m and $630m in the quarter ended September 30. The company said it expected to earn between $95m and $97m before interest, taxes, depreciation and amortisation in the quarter, compared with $61.8m for the same period last year.

In 2006 B&L reported a drop in annual profits of 22 per cent. The recall of ReNu with MoistureLoc was pinpointed in explaining falling revenue to $2.29bn from $2.35bn in 2005.