Invacare 2005 Annual Report Download - page 5
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achieve
global
leadership
Noothercompanyintheindustryhasthe
globalscaleofInvacare.TheU.S.remains
ourlargestmarketandproductionbase,
butInvacaresellsitsproductsinover
80countriesworldwideandderivesmore
thanone-thirdofitsrevenuesfromoutside
theUnitedStates.Wearecommittedto
continuedglobalgrowth,especiallyin
theAsianmarket.
Withthe$230millionDomusacquisitionin
2004,Europehasbecomeamuchlargerand
moreintegralpartofInvacare.Wehave
introducedproductsliketheHomeFill™IIin
EuropeandwearesellingpremiumEuropean
brandproductslikeourKüschall®lineof
wheelchairsintheU.S.
Acquisitionoffersanotherpathtogrowth
inanindustrythatneedstoconsolidate.
Invacare’ssize,financialstrengthandtrack
recordmakeittheacquirerofchoice.
Overthelastthreeyears,Invacaremade
13acquisitions,includingthreein2005.
Withimprovedprofitability,weare
lookingtoaddsubstantialrevenuethrough
acquisitionsoverthenextfewyears.
Theruleshavechanged.Itisnolongerenoughto
bethelow-costHMEproducerinagivencountry.
It’saglobalmarketnow.
Whatkindofcompanyislikelytosucceedinthis
newenvironment?Itwillbeonewiththeability
tomanufacturegloballyandtosourceproductsand
componentsfromaroundtheworldtoachievethe
optimumcombinationofcostandservice.Itmust
havethefinancialstrengthtoinvestinthebusiness
andmakestrategicacquisitions.Anditmustoffer
itscustomersmarketing,financialandtraining
supporttohelpthemgrowtheirbusinesses.
Suchacompanyalsowillfocusitsmarketing
andcapitalinvestmentoninnovative,value-added
andcustom-configuredproductsthatcancommand
higherprofitmarginsandarelesssusceptibleto
cost-basedcompetition.Onlyonecompanyinthe
HMEindustrycandoallthesethings:Invacare.
Issue
Action
P O R T O F H O N G K O N G , C H I N A
Photos,toptobottom:InvacareTyphoon™European
custompowerwheelchair;newInvacaremanufacturing
facilityinSuzhou,China;InvacareKüschall®AirlitePro
custommanualwheelchair
Noothercompanyintheindustryhasthe
globalscaleofInvacare.TheU.S.remains
ourlargestmarketandproductionbase,
butInvacaresellsitsproductsinover
80countriesworldwideandderivesmore
thanone-thirdofitsrevenuesfromoutside
theUnitedStates.Wearecommittedto
continuedglobalgrowth,especiallyin
theAsianmarket.
Withthe$230millionDomusacquisitionin
2004,Europehasbecomeamuchlargerand
moreintegralpartofInvacare.Wehave
introducedproductsliketheHomeFill™IIin
EuropeandwearesellingpremiumEuropean
brandproductslikeourKüschall®lineof
wheelchairsintheU.S.
Acquisitionoffersanotherpathtogrowth
inanindustrythatneedstoconsolidate.
Invacare’ssize,financialstrengthandtrack
recordmakeittheacquirerofchoice.
Overthelastthreeyears,Invacaremade
13acquisitions,includingthreein2005.
Withimprovedprofitability,weare
lookingtoaddsubstantialrevenuethrough
acquisitionsoverthenextfewyears.