COLTENE Holding AG reported sales results for the financial year 2016. The company's net sales increased by 4.0% to CHF 160.7 million in the financial year 2016 against CHF 154.5 million a year ago. Thereof, CHF 2.6 million is related to currency effects.

Based on the higher sales figures, the company also expects an increase in operating profit (EBIT) and net profit in 2016. The company estimates EBIT to amount to CHF 23.3 million in 2016 (2015: CHF 20.4 million), an increase of 14.3%. The resulting EBIT margin is 14.5% for the fiscal year 2016 compared to 13.2% in the previous year. For net profit, the company expects an increase of 29.5% to CHF 17.3 million (2015: CHF 13.3 million) due to a more favorable currency situation.