Strategy for profitable growth
Getinge’s strategic work continued during 2015, at the same time as a comprehensive transformation program was launched to continue the journey toward one Getinge. These combined initiatives will create the conditions for increased competitiveness and profitable growth.
A key success factor for Getinge is the company’s solid platform: dedicated and passionate employees, values based on entrepreneurship and efficient corporate governance. In all medical device companies, quality is a vital aspect and must permeate the entire operations in order to meet the safety requirements that are a prerequisite for players in the medical device industry.
Getinge’s strategy includes initiatives to reposition the Group for higher organic growth, increased competitiveness and efficiency as well as continued focus on acquisitions.
Toward one Getinge
Over the past three years, Getinge has experienced a challenging trend. Organic growth has not reached the desired level and profitability has declined. Getinge’s conclusion is that its established strategy is correct for addressing these challenges, but the company’s decentralized organizational structure has made the implementation of Groupwide priorities and initiatives difficult. It has also been difficult to leverage scale to the desired extent in the existing structure.
For this reason, Getinge launched a transformation program in 2015 aimed at enabling the implementation of the strategy and thus realizing its full potential.