We are a modern, family-owned company that combines a love of progress with values we truly live by. Näder Holding GmbH & Co. KG holds 80 % of Ottobock SE & Co. KGaA. Näder Holding in turn is 100% owned by the Näder family, who are the direct descendants of Otto Bock, the company founder. In 2017, the Swedish private equity company EQT acquired a 20 % share in Ottobock SE & Co. KGaA. EQT helps us continue to grow in a sustainable and profitable manner.
Going public: keeping the goal in sight
EQT is a temporary partner with a strong focus on performance and values. We're working hand in hand to make sure Ottobock can achieve its full potential – and this includes our plans to go public. We hope to be in good shape for this after 2020. We're currently working against the clock to professionalise our administrative structures and processes. Our financial reporting is transitioning to IFRS.
Ottobock in the 2019 financial year
Ottobock's growth continued on track in 2019, a year which also marked the company's 100th anniversary. With a nominal 8 % increase in revenue to € 1,003 million, turnover topped the billion euro barrier for the first time ever. There was an disproportionately high increase in adjusted operating profit (underlying EBITDA), which rose by 10 % to € 191 million.
Our growth strategy
We hope to increase our turnover to more than € 1.3 billion by 2022. We plan to achieve this goal through organic growth as well as through M&A activities. In November 2019, we strengthened our position by acquiring Vigo, Belgium's leading orthopaedic technology specialist. In January 2020, we announced our investment in Cascade Orthopedic Supply, a leading prosthetics and orthotics supplier in North America.
Contact for financial journalists, analysts and investors
We believe it is important to interact as equals. If you have any questions on our plans to go public, our business strategy or Ottobock's performance, please do not hesitate to contact us. We appreciate your interest!