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”We will not buy our way out of the problems”

Growth rates are plummeting in the Icelandic prosthetics group Össur and, although acquisitions have long been a vital part of the strategy, the group’s top executive is keeping a cool head.

Foto: Össur

There is a rather negative growth trend in Össur at the moment - after growing 11.7 % from 2010 to 2011, growth landed at 3 % from 2011 to 2012 for the Icelandic prosthetics company. And in the first quarter of 2013 the growth in turnover had become a minus, as it showed a decline of 3 % compared with the same period last year.

Although the beginning of 2013 has disappointed shareholders, Össur’s management does not expect the pattern to repeat itself in the following three quarters.

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