Össur hosted a Capital Markets Day where it outlined its key strategic priorities for the next five years and announced a new Patient Care sales segment. The Patient Care segment, which consists of product sales and services provided in O&P clinics owned by Össur, joins the company’s two other business divisions, Prosthetics and Bracing & Supports. Products sold within the Patient Care segment are primarily prosthetics and bracing and supports solutions, and other mobility solutions.
“In recent years, Össur’s business mix has changed, and the new sales segmentation will provide better transparency on the sales performance,” the company said in the Capital Markets Day presentation.
Össur has acquired O&P clinics in key markets, divested part of its Bracing & Supports segment in 2020, and acquired College Park in 2020 and Naked Prosthetics in 2022.
Össur also said it has a growth ambition of 7-10 percent average local currency growth over the Growth’27 period (fiscal year 2023-2027), which includes average organic growth of 5-7 percent and average acquisitive growth of 2-3 percent.
The company’s first quarter 2023 Interim Report, to be published on April 25, will be the first report that includes the new sales segmentation.
View Össur’s Capital Markets Day webcast or download the presentation on its website.
Look for an in-depth interview in the June issue of The O&P EDGE with Össur CEO Sveinn Sölvason where we discuss his vision for the company’s future and his perspective on the O&P profession.
