Danaher Rises 70 Spots to Rank #156 on Forbes' 2021 Global 2000 List

SHANGHAI, May 18, 2021 /PRNewswire/ -- On May 13, Forbes released the 2021 Forbes Global 2000 list. Danaher Corporation ranked 156th globally on the list, rising 70 places compared to last year.

Danaher Corporation ranked 156th on the 2021 Forbes Global 2000 list.

"Forbes Global 2000" annually selects the world's 2,000 largest publicly traded companies, comprehensively ranking them based on four key metrics: sales, profits, assets, and market value.

Danaher Corporation ranked 156th on the 2021 Forbes Global 2000 list.

In 2020, Danaher achieved counter-trend growth across global and Chinese markets, driven by its robust product portfolio and commercial capabilities. For fiscal year 2020, Danaher Corporation reported a 24.5% year-over-year increase in revenue, reaching $22.3 billion. The non-GAAP core business, including Cytiva, grew 9.5%. Operating cash flow reached $6.2 billion, a 70.0% year-over-year increase, while non-GAAP free cash flow totaled $5.4 billion, up 79.0% year over year. Full-year 2020 net income reached $3.6 billion.

In China, Danaher is upgrading its localization strategy. With the official establishment of its fourth major business platform -- the Product Identification Platform, Danaher China has fully established a platform-based management model. Driven by more agile local decision-making and responsiveness, more proactive innovation in technology and business models, and organizational capabilities with greater local competitiveness, it will maximize its participation in the domestic and international dual circulation to secure a new round of high-quality growth.

In addition, Danaher has successively been recognized with honors such as ranking 64th on the 2020 Hurun Global 500, being featured in the Global 500 Most Valuable Brands 2021 published by brand valuation and consultancy Brand Finance, and placing 2nd on the 2021 *Fortune* World's Most Admired Companies list in the medical device industry. Furthermore, it has won awards and nominations, including Best Investor Relations, from *IR Magazine* for six consecutive years.