össur annual report2009 - Euroland

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acquisition history Throughout its history, Össur has transformed from a prosthetic company into a leading global provider of non-invasive orthopaedics. Össur has a proven track record of competence in continuously increasing product value through innovation as well as growing externally through strategic acquisitions. Since 2000, Össur has acquired a total of fourteen companies. From 2000 to 2003 the acquisition strategy was focused on strengthening the prosthetic business. The following acquisitions have primarily focused on creating and strengthening Össur’s bracing and supports business, most notably with the transformational acquisitions of the US-based Royce Medical in 2005, which provided Össur with an entry into the bracing and supports business, and Gibaud in France in late 2006. In 2010 Össur will continue monitoring the market with respect to further acquisition opportunities. The focus will be mostly on “bolt-on” acquisitions, i.e. acquisitions aligned to the Company’s core strategy and vision of being a leading player in non-invasive orthopaedics. This will include seeking opportunities to broaden the product portfolio, adding customer groups and strengthening sales areas.
transforming through acquisitions acquiring access to new markets, products and technologies usa 2000 Flex-Foot, Inc. Century XXII Innovations, Inc. 2003 Generation II Group, Inc. 2005 Royce Medical, Inc. europe 2000 Pi Medical AB, Sweeden Karlsson & Bergström AB, Sweden 2003 Linea Orthopedics AB, Sweden 2005 Innovative Medical Prod. Ltd., UK GBM Medical AB, Sweden 2006 Innovation Sports, Inc. 2006 Gibaud Group, France 2009 Team Makena, LLC 2007 Somas, Netherlands australia 2005 Advanced Prosthetic Components Product/technology Sales channel access Both 29 <strong>annual</strong> report 09
Page 1 and 2: össur annual report 2009
Page 3 and 4: table of contents annual report 200
Page 5 and 6: “The results for 2009 are good an
Page 7 and 8: strategy Össur focus is on improvi
Page 10 and 11: Market and environMent Össur opera
Page 12 and 13: Össur is in the business of keepin
Page 14 and 15: operations Össur is a global ortho
Page 16 and 17: The Company believes that the combi
Page 18 and 19: We provide products and services to
Page 20 and 21: locations china asia china Asian He
Page 22: The world’s most requested ligame
Page 25 and 26: project management office engineeri
Page 27 and 28: R&D is essential to future developm
Page 29: talent ManageMent One of Human Reso
Page 34 and 35: corporate governance In line with t
Page 36 and 37: for a term of one year. Board Membe
Page 38 and 39: according to previously established
Page 40 and 41: the reMuneration and shareholding o
Page 42: ○○ MiaMi luMbar The Miami Lumb
Page 45 and 46: Product liability claims could adve
Page 47 and 48: Össur’s aim is to maintain and i
Page 49 and 50: In 2009 Össur celebrated its 10 ye
Page 51 and 52: publication schedule for reports Fi
Page 54 and 55: perforMance overvieW 2009 Total sal
Page 56 and 57: Currently, Össur has favorable fin
Page 59 and 60: FINANCIAL RATIOS CONSOLIDATED STATE
Page 61 and 62: INDEPENDENT AUDITOR’S REPORT To t
Page 63 and 64: CONSOLIDATED STATEMENTS OF COMPREHE
Page 65 and 66: 31 DECEMBER 2009 AND 31 DECEMBER 20
Page 67 and 68: CONSOLIDATED STATEMENT OF CHANGES I
Page 69 and 70: controlled by the Company (its subs
Page 71 and 72: 3.11 share-based payMents Equity-se
Page 73 and 74: 3.16 inventories Inventories are st
Page 75 and 76: A derivative is presented as a non-
Page 77 and 78: 6. geographical segMents The Compan
Page 79 and 80: 7. other incoMe Included in other i
Page 81 and 82:
Deferred tax balances: OpENING RECO
Page 83 and 84:
14. property, plant and equipMent O
Page 85 and 86:
Depreciation classified by operatio
Page 87 and 88:
Amortization classified by operatio
Page 89 and 90:
18. other financial assets fINANCIA
Page 91 and 92:
25. retained earnings RETAINED EARN
Page 93 and 94:
30. provisions CURRENT NON-CURRENT
Page 95 and 96:
The Company’s exposures to intere
Page 97 and 98:
unaudited inforMation The following
Page 99 and 100:
annual report 2009 Production: Öss
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össur annual report2009 - Euroland

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