Announcement no. 44/2019
Interim report Q2 2019
25 July 2019
Highlights
Jon Sigurdsson, President & CEO, comments:
“We are pleased to close the first half of the year with strong sales growth and an excellent performance in the prosthetics segment. Growth drivers include our high-end solutions and recently launched products such as the new PROPRIO FOOT® which was fully launched in the market in the first quarter of the year. In line with strong sales growth, we are upgrading our guidance for organic growth to 5-6% for the full year. Profitability increased in the first half of the year with favorable changes in product mix, additional savings from the ongoing efficiency initiatives, and scalability. We recently signed an agreement to acquire College Park Industries, a global provider of lower and upper limb prostheses, and expect to close the transaction later in 2019.”
Q2 2019 conference call details
Össur will host a conference call on 25 July 2019 at 9:00 CET / 7:00 GMT / 3:00 EDT. To participate in the call please dial: Europe: + 45 35 44 55 77, +44 (0) 333 300 0804 or +46 (0) 8 566 426 51, The United States: + 1 631 913 1422, Iceland: +354 800 7437. The PIN CODE to access the call is 57380500#. A webcast can be followed on the Össur website: www.ossur.com/investors.
Further information
David Hreidarsson, Investor Relations, dhreidarsson@ossur.com, +354 515 1380
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About Össur
Össur (NASDAQ OMX: OSSR) is a global leader in non-invasive orthopaedics that help people live a life without limitations. Its business is focused on improving people’s mobility through the delivery of innovative technologies within the fields of Prosthetics and Bracing & Supports. A recognized “Technology Pioneer,” Össur invests significantly in research and product development—its award-winning designs ensuring a consistently strong position in the market. Successful patient and clinical outcomes are further empowered via Össur’s educational programs and business solutions. Headquartered in Iceland, Össur has major operations in the Americas, Europe and Asia, with additional distributors worldwide. www.ossur.com
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