Falck improves profitability and cash flow – accelerates cultural turnaround
Today, leading emergency response and healthcare company Falck released its financial results for Q1 2019 and announced a comprehensive self-cleaning programme, Clear.
Today, leading emergency response and healthcare company Falck released its financial results for Q1 2019 and announced a comprehensive self-cleaning programme, Clear.
For three years, blood samples and medical equipment will be flown with drones between Odense, Svendborg and Ærø in a new project launched by researchers, Falck and Autonomous Mobility. Later, drones will also transport highly specialized healthcare professionals who need to arrive quickly.
Previa, a company in the Falck Group, expands its operations through a partnership agreement with the Volvo Group. As part of the contract Previa is taking over Volvo's internal occupational healthcare service, Alviva, and becomes supplier of occupational healthcare service to the Volvo Group in Sweden.
The company continued to restore profitability by reducing complexity, improving efficiency and implementing global operating models. However, reported profitability was significantly impacted by clean-up activities caused by the turnaround.
Anette Damgaard is appointed new managing director of Falck Healthcare. She assumes the new responsibilities in addition to her current role as head of Falck Healthcare in Denmark.
Executive Vice President Jan F. Steenhard is a founder of Falck Healthcare and was its first CEO.
Highlights of Falck’s financial results for 2017:
Revenue was flat at DKK 15,227 million (2016: DKK 15,109m).
Operating profit (EBITA) was DKK 2 million (2016: DKK 758m) for an EBITA margin of 0% (2016: 5.0%). EBITA was negatively impacted by DKK 344 million in write-downs on accounts receivable in its US Ambulance business and on the carrying amount of its customer management system in Assist
Anette Damgaard will resume the new role of Vice President of Falck Healthcare in Denmark on February 1st. She will enter the Nordic management group for “employee healthcare”.
While Falck successfully increased revenue and strengthened its position in Europe and on the North and Latin American markets, the crisis in the global oil and gas industry affected Falck so harshly that the Group realised a loss of DKK 523 million for 2015 compared with a profit of DKK 218 million for 2014.
Sub-Saharan nations will be the focus for the joint venture within primary and secondary health care services for the growing middle classes.
In 2014, Falck successfully took further steps towards its goal of becoming a global provider of services assisting people in emergency situations and preventing and mitigating the effects of illness and accidents. Falck significantly strengthened its position on the most important markets in Europe, Latin America and the United States, winning several major new and repeat contracts.
Falck Healthcare strengthens its services to Swedish corporate customers wishing to improve the health and working conditions of their employees. This is done through the acquisition of Manpower Hälsopartner by Previa, a Falck Healthcare subsidiary in Sweden.
For more than a century, Falck has worked with local and national governments to prevent accidents, diseases and emergency situations, to rescue and assist people in emergencies quickly and competently and to rehabilitate people after illness or injury. This has made Falck an international leader in emergency response and healthcare services.
Falck operates in 30 countries and has approximately 27,000 employees.