Since our listing in 2017, Arjo has had a strong and consistent focus on profitable growth – allowing us become a stronger company than we were three years ago. Through a number of initiatives, including increased operational agility and a strengthened commercial focus, we have successfully reached our first basecamp on our journey towards becoming the most trusted partner in driving healthier outcomes for people facing mobility challenges.
Back to profitable growth
We have strengthened our position in the market across geographies
• Successful turnaround of the US market, +5,9% net sales growth (CAGR) since listing
• Established own sales companies in select markets
• Rebuild of distributor market allows substantial growth onwards
• While developing acute care, investments to strengthen long-term care – still great potential
• Service business growth, with significant remaining potential
We have streamlined our business – continuously improving profitability
• Improved operational leverage
• Continued improvements and restructuring of Rental business to enable margin development from 2020 onwards
• Good track record on realizing structural measures, still with remaining potential
• Continuous OPEX management allowing flexibility, while continuing to decline OPEX in relation to net sales
The organic agenda has been supported by acquisitions and partnerships
Acquisitions and partnerships
• ReNu Medical
• Atlas LiftTech
• Next Step Dynamics
• BrainLit
• Bruin Biometrics (BBI)
• AirPal
Our M&A perspective will be two-fold
• New opportunities to complement current portfolios
• Generate positive sales synergies
Divestments to optimize portfolio
• Acare
• Current focus on driving strong execution of recent acquisitions and partnerships