Announcement no. 39/2020
Interim report Q3 2020
27 October 2020
Jon Sigurdsson, President & CEO, comments:
"Since the beginning of April, Össur's sales have continued to gradually recover in all our major markets and were between 90-100% of last year's sales in the third quarter. We have begun to realize pent-up demand in some markets in APAC and EMEA. Even so, the outlook regarding the COVID-19 pandemic remains uncertain. We are however confident that there will be no long-term change in the demand for our products and services. We continued to manage our variable costs in the quarter and hence our operating profit was strong considering the impact on sales. We were also pleased to complete the divestment of Gibaud in France to Innothera at end of September."
Q3 2020 conference call details
Össur will host a conference call on 27 October 2020 at 9:00 CET / 8:00 GMT / 4:00 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 44174556#. A webcast can be followed on the Össur website: www.ossur.com/investors.
David Hreidarsson, Investor Relations Manager, firstname.lastname@example.org,+354 661 8225
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Össur (Nasdaq Copenhagen: OSSR) is a global leader in non-invasive orthopedics that help people live a life without limitations. A recognized "Technology Pioneer," Össur focuses on improving people's mobility through the delivery of innovative technologies in Prosthetics and Bracing & Supports, by investing significantly in research and product development to create award-winning designs with consistently strong market positions. Successful patient and clinical outcomes are further empowered via Össur's educational programs and business products. As part of Össur's long-standing commitment to social responsibility, the company has been a signatory to the United Nations Global Compact since 2011, and also participates in the Nasdaq Nordic and Baltic exchanges' voluntary guidelines for Environment, Social and Corporate Governance (ESG). Össur is headquartered in Iceland, with major operations in the Americas, Europe and Asia, and additional distributors worldwide. www.ossur.com
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