Icelandic prosthetics company, Össur, has reported 2014 sales amounting to 509 million USD compared to 436 million USD in 2013, corresponding to 18% growth.
Össur’s net profit increase was 45% and amounted to 59 million USD or 12% of sales, compared to 41 million USD or 9% of sales in 2013.
“We closed the year with yet another strong quarter despite adverse currency fluctuations which negatively impacted our operating results,” said CEO Jón Sigurðsson. “Prosthetics sales growth was excellent across all our major markets.”
Össur was founded in 1971 by Icelandic prosthetist Össur Kristinsson. The business was family run until 1999 when Össur went public and was listed on the Iceland Stock Exchange.