We serve our investors, wherever they are, by communicating in an informative and honest way. We are ambitious about the way we interact.
Objective
It is the policy of Össur to disclose financial and corporate information, providing investors, analysts and other stakeholders with comprehensive and accurate information to improve the understanding of the current and expected development of Össur.
At all times, Össur complies with relevant laws and regulation, as well as the disclosure obligations of Nasdaq OMX, both in Iceland and Denmark, and adheres to the principle of granting simultaneous access to relevant information and equal treatment of all stakeholders.
Communication
All press releases and announcements are disseminated via a recognized distribution vehicle. Following quarterly results, the Company hosts a meeting for investors, analysts and other stakeholders. To ensure equality between stakeholders, the quarterly meetings are web-casted real time and are accessible through Össur’s website. Furthermore, the Company meets interested investors and analysts on a regular basis.
Communication with Analysts
Össur maintains open communication with analysts. If the Company is asked to review analyst draft reports, or other analyst material to be published, the comments will be limited to the following:
- Correcting historical data
- Discussing general factors that might influence the operations of the Company
- Providing general information about the markets and activities
- Pointing out available information
Quiet Period
To comply with good corporate governance, Össur does not comment on matters related to financial results or expectations in a period of six weeks prior to the announcements of the Company’s interim and full year financial results.
Comments on Sensitive Business Aspects and Share Price Movements
Össur observes a firm policy of not disclosing sensitive information regarding development in sales, staff, R&D activities and other aspects that may compromise the Company’s competitive position in the market.
However, Össur will observe its obligation to disclose material changes in the business and financial development.
Össur does not comment on share price movements or fluctuations in trading volumes. The Company generally refrains from commenting on market rumors or speculative inquiries, unless required to do so by regulation.
Guidance
Össur provides guidance to the investment community in the form of forward-looking statements regarding expected future revenues and earnings in the quarterly and annual reports to enable the investment community to better evaluate the Company and its prospects.
Össur does not comment on the likelihood that it will meet, exceed or fall short of equity analysts’ estimates, either on an individual or consensus basis. This applies in all phases of the quarterly reporting cycle.
Authorized Spokespersons
The President & CEO, the CFO and the Investor Relations Manager are authorized spokespersons for the Company. When deemed appropriate or necessary, other staff within Össur may be designated by an authorized spokesperson to respond to specific inquiries.
The IR policy was approved by the Board of Directors on 26 August 2009.