Arjo AB (publ) (ARJO-B.ST) Stock Analysis & Winston Score

Arjo AB is a Swedish medical equipment company that makes products to help care for patients who have limited mobility. Its core products include patient lifts, hospital beds, pressure injury prevention mattresses, hygiene systems, and equipment to help prevent blood clots. Its main customers are hospitals, nursing homes, and other care facilities across Europe and North America. Arjo earns revenue by selling and renting this equipment directly to healthcare providers, and it also sells related consumables and services like maintenance contracts. The company operates in over 60 countries, with Sweden as its home market and Europe generating the largest share of sales. Its competitive position comes from deep relationships with institutional buyers and a broad product portfolio covering the full patient handling workflow. The key growth driver is aging populations in developed countries, which steadily increases demand for long-term care equipment, though pricing pressure from hospital budget constraints and competition from larger medical device companies remain ongoing risks.