Medtronic Releases FY16 Integrated Performance Report
November 16 2016 - 10:00AM
Report Highlights
Company's Global Financial, Social, and Environmental
Impact
DUBLIN - Nov. 16, 2016 -
Medtronic plc (NYSE:MDT) announces the release of its 2016
Integrated Performance Report. The report highlights - for the
first time - the combined financial, social, and environmental
impact of Medtronic after acquiring Covidien in 2015.
The FY 2016 Integrated Performance Report details
the company's commitment to addressing business and industry
challenges. Based on the Global Reporting Initiative (GRI) G4
Guidelines, it's organized around the Medtronic sustainability
material issues:
- Access to Care
- Product Quality
- Product Stewardship
- Responsible Sourcing
- Ethics in Sales and Marketing
A tenet of the Medtronic Mission - to maintain
good citizenship as a company - drives a sense of purpose and
responsibility to not only deliver the highest quality products,
therapies, and services to patients, but to also support healthy
communities in the areas in which it
operates.
In Fiscal Year 2016, Medtronic:
- Delivered strong financial results with $28.8
billion in revenue and $3.5 billion in net earnings.
- Invested $2.2 billion in research and development
(R&D), representing 7.7 percent of net sales.
- Donated more than 2 percent of pre-tax profits -
$114.6 million - to charitable causes.
- Increased healthcare capacity and access by
investing more than $152 million in training for approximately
60,000 medical professionals.
- Continued to meet our goal to reduce operational
energy use and greenhouse gas emissions by 15 percent by 2020 from
an FY2013 baseline.
The report and Global Reporting Initiative (GRI)
Supplement is available for download at
www.medtronic.com/SustainabilityReport.
About Medtronic
Medtronic plc (www.medtronic.com), headquartered in Dublin,
Ireland, is among the world's largest medical technology, services
and solutions companies - alleviating pain, restoring health and
extending life for millions of people around the world. Medtronic
employs more than 88,000 people worldwide, serving physicians,
hospitals and patients in approximately 160 countries. The company
is focused on collaborating with stakeholders around the world to
take healthcare Further, Together.
Any forward-looking statements in
this release or the 2016 Integrated Performance Report are subject
to risks and uncertainties such as those described in Medtronic's
periodic reports on file with the Securities and Exchange
Commission. Actual results may differ materially from anticipated
results.
-end-
Contacts:
Fernando Vivanco
Public Relations
+1-763-505-3780
Ryan Weispfenning
Investor Relations
+1-763-505-4626
This
announcement is distributed by Nasdaq Corporate Solutions on behalf
of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: Medtronic plc via Globenewswire
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