Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


Ryman wins global ranking

Ryman wins global ranking


Christchurch company recognised for top returns to shareholders


Ryman Healthcare has been ranked as one of the top 10 best performing healthcare companies in the world.

The Boston Consulting Group’s 2014 Value Creators Report rankings were compiled after researching shareholder returns at 10,000 global companies across 28 sectors over the five years from 2009 to 2013.

Ryman was ranked eighth in the world’s healthcare sector over that period, with an average annual shareholder return of 45.5 per cent. Ryman was the only Kiwi business to make the rankings, and only two Australian companies made the list.

Ryman’s total shareholder returns over that period were just short of the 46.7 per cent return reported by Apple, widely regarded as one of the world’s best companies.

Ryman Healthcare managing director Simon Challies said it was great recognition of how the company had performed.

“I think it recognises that we came through the GFC in good shape – those were tough years. We had a strong balance sheet, a conservative debt position and we kept investing in growth throughout those years while others pulled back.

“At the same time we concentrated on looking after our residents, building goodwill and continuously improving what we did.’’

“We’re absolutely delighted to be on this list, and to be in such great company.’’

Mr Challies said the other significant factor to note was that Ryman achieved the growth while focusing on its home market in New Zealand.

This week Ryman officially opens its first retirement village in Melbourne, where the company sees great prospects for growth.

“The Australian market is five times larger than New Zealand and we’ve been very successful in our first venture over there.’’

Ryman is listed on the NZX and has been included in the global FTSE and MSCI indices in the past year.

Transport and logistics operator Qube and Fortescue Metals were the only Australian companies to make the Boston Consulting Group’s 2014 Value Creators Report rankings.

Notes: For more information on Boston Consulting Group’s Vale Creators Rankings go to www.bcgperspectives.com/content/articles/value_creation_strategy_2014_value_creators_rankings/

The 2014 Value Creators rankings were based on an analysis of TSR (total shareholder returns) at 1,620 global companies for the five-year period from 2009 to 2013.

To arrive at this sample, BCG began with TSR data for nearly 10,000 companies provided by Thomson Reuters.

Ends


© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Budget Building Battle: Bill English Blames Council On Housing

The Nation: Finance Minister blames Auckland Council for housing shortage, saying it is responsible for land, housing and infrastructure supply in the city, while government provides rental subsidies... More>>

ALSO:

Megiaglommeration: NZME And Fairfax Apply For Authorisation To Merge

The Commerce Commission has received an application from Wilson and Horton Limited (trading as NZME) and Fairfax NZ Limited seeking authorisation to merge their media operations in New Zealand. More>>

ALSO:

Brewing: Lion To Buy Cult Upper Hutt Brewer Panhead

Lion - Beer, Spirits and Wine (NZ), New Zealand's biggest beer maker, has agreed to buy Panhead Custom Ales from the family of founder Mike Neilson, its second such purchase of a popular craft brewer after the acquisition of Dunedin-based Emerson's Brewing Co in 2012. More>>

ALSO:

Half Empty: Fonterra's 2017 Opening Forecast Below Expectations

Fonterra Cooperative Group raised its forecast farmgate milk payout for next season by less than expected as the world's largest dairy exporter predicts lower prices will crimp production and supply will pick up. The New Zealand dollar fell. More>>

ALSO:

Pest Control: Mouse Blitz Team Leaves For Antipodes

The Million Dollar Mouse project to rid Antipodes Island of mice is underway with the departure of a rodent eradication team to the remote nature reserve and World Heritage Area. More>>

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news