Strong start to 2018 for Arjo
Arjo, a global supplier of medical devices, services and solutions for people with reduced mobility and age-related health challenges, has announced an increase in sales for 2018 and says it is confident it will reach its 2018 sales growth targets.
Founded in 1957 by entrepreneur Arne Johansson in Sweden, Arjo rapidly expanded over the subsequent half a century to become a global player in hygiene and patient handling.
The company was acquired by Getinge in 1995, becoming the foundation of the Group’s Extended Care business area, before Getinge’s Board of Directors took the decision to divide Arjo and Getinge in 2016 to help both companies realise their potential.
In Arjo’s interim report for January to March 2018, the company recorded net sales rose organically to 2.3 percent, noting a decline in its adjusted EBITDA due to higher operating expenses relating to Arjo operating as an independent company.
Discussing the positive first quarter, Joacim Lindoff, President & CEO, commented: “The strong start to the year with an organic sales growth of 2.3 percent shows that our increased external focus and the initiatives implemented to date are generating results.
“We have now taken the first important steps as an independent company and it is gratifying that, for the first time in three years, we are reporting a positive organic sales growth. The strong beginning of the year means that we now, with even more confidence, believe that we will reach our 2018 target of entering the lower end of 2-4 percent sales growth.”
Arjo also reported continued positive performance in the rental operations in the US, as well as stabilization in the UK.
In the 2000s, Arjo completed a string of acquisitions to strengthen its hygiene and patient handling offering, with the most significant of these in 2007 with the acquisition of Huntleigh Technology PLC, leading to the creation of the ArjoHuntleigh brand.
Operating in more than 60 countries, Arjo employs 5,900 employees worldwide, with its head office based in Malmö, Sweden.