Bosses at Ottobock plan to tender for more NHS clinic contracts in the coming year as the manufacturer faces up to what it thinks could be an uncertain few months as unfavourable exchange rate conditions bear down on the industry.
Company directors have said they were pleased with the prosthetics and mobility manufacturer’s performance last year but are cautious about the remainder of the calendar year and noted that turnover is reliant on certain contracts.
For the year ended 31 December 2018, Ottobock turned over £24m, compared to £22m in the previous year. The 10% increase in revenues reflected a £125,000 growth in EBITDA. Operating profit grew by 17% to just under £990,000.
Stock levels in 2018 were virtually the same as in 2017 and Ottobock’s directors said that they are aware of the potential disruption to the flow of goods caused by Brexit.
Ottobock recently launched a new specialist seating clinic alongside dealer Recare. The joint contour seating clinic will open at the end of the summer at Recare’s main showroom in Long Hanborough.
The Southern Private Seating Clinic will see Ottobock target more case managers, solicitors, OTs and end-users with its seating systems.