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expectthistrendtocontinuegiventhesignifcantopportunityinthesemarkets.WecompletedtwostrategicacquisitionsrausonHoldingsCompanyLimitedandMAKOSurgicalCorp.whichprovideexcitinggrowthprospectsoryearstocome.rausonourfrstacquisitioninChinawhichwascompletedinMarchenablesustocompeteinthelower-pricedsegmentothegrowingorthopaedicmarketinChinaandothermarkets.Teintegrationhasproceededsmoothlyandwearedelightedtobeontrackwithourexpectations.InlateDecember2013weclosedtheacquisitionoMAKOwhichprovidesuswitharoboticarmassistedplatormorreconstructivesurgery.Itholdsthepromisetodeliverconsistentreproducibleproceduresthatwillenhancethesurgeonandpatientexperience.Weviewthisasauniqueopportunitytotransormorthopaedicsurgeryovertimeincludingnewimplantdesignsenabledbyrobotics.AercompletingmyfrstullyearasCEOIamexcitedaboutourCompanysachievementsandtheprogresswehavemadeinstrengtheningourleadershipinthemedicaltechnologyindustry.AsyoureadthroughthisreviewIbelieveyouwillagreethatStrykeriswellpositionedortheuture.In2013wemetourprimaryobjectivesachievedstrongtop-linegrowthdeliveredsolidoperationalearningsexpandedgloballyandinvestedthroughRDandacquisitionstostrengthenourproductandserviceoerings.FOCUSONGROWTHIn2013ourorganicgrowthexcludingacquisitionsandoreignexchangeo5wasatthehighendomedicaltechnologyincludingdouble-digitgrowthinmanybusinessesasuccessulturnaroundinEuropeandrapidgrowthinemergingmarkets.raumaExtremitiesNeurotechnologyEndoscopyandourHipbusinessallhadstrongabove-marketgrowthintheyear.InEuropewhichremainsachallengingmarketourturnaroundoccurredaheadoscheduleaswereturnedtomarketgrowthbythemiddleotheyear.WewillalsobeestablishingaEuropeanheadquartersinAmsterdamin2014tostrengthenouroundationoruturegrowth.Wehadverystrongdouble-digitgainsinEmergingMarketsledbyChinawithexcellentresultsinboththepremiumandvaluesegmentsothemarket.Emergingmarketsgrewrom6ototalCompanysalesin2012toover7osalesin2013andweLETTERFROMTHEPRESIDENTANDCEOKEVINA.LOBO9.0BNETSALES5ORGANICSALESGROWTHDEARSHAREHOLDERS1