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PRESS RELEASE
17 October 2005
Outstanding employment growth earns Ossur 185th place on 2005 Europe’s 500 Listing.
Ossur has been listed No. 185 amongst the fastest growing European companies included in the 2005 Europe’s 500, the annual ranking of high growth, job creating companies published by Europe’s 500 Entrepreneurs for Growth and supported by Microsoft and KPMG.
This year’s five hundred dynamic, entrepreneurial-driven companies who qualified for Europe’s 500 have managed to sustain growth since the year 2001, boosting employment and sales at an impressive average annual rate of 14%. Despite the challenging business environment, these champions of growth have created more than 130,000 jobs across Europe in three years. On average each company has created 86 new jobs per year and increased sales by 19.2 million euros per year. Ossur increased sales by 32%, adding 88 new jobs.
Ossur (Icelandic Stock Exchange: OSSR) is a trusted and global leader in the development, manufacturing, distribution, sales and marketing of high technology orthopaedic and prosthetic devices. With its head office in Reykjavik, Iceland, the company’s U.S. sales and marketing headquarters are located in Aliso Viejo, California; the Canadian office in Vancouver, BC; the Nordic office in Uppsala, Sweden; and the European office in Eindhoven, Holland. The company has a considerable distribution network in other markets and has over 900 employees worldwide. Given its mission to offer people a life without limitations, Ossur allocates an industry record of approximately eight percent of its revenue on medical technology research and development, and provides extensive education programs through the Ossur Academy. The company also sponsors a variety of community outreach programs and non-profit organizations. Website: www.ossur.com
Europe’s 500 was first published in 1996 and has been published on an annual basis ever since. During this time, more than 4.000 of Europe’s high growth companies have received the accolade of being one of Europe’s 500 champions of growth. The listing is intended to focus attention on entrepreneurial achievement and fast-growth European companies. Its focus on job creation and growth in medium sized enterprises is unique and distinguishes it from other business rankings.
Full information and the complete 2005 Europe’s 500 Listing at: www.europes500.com
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