COLTENE reports pleasing growth for fiscal 2017
Altstaetten, January 31, 2018 - COLTENE Holding AG (SIX Swiss Exchange: CLTN), an internationally leading developer and producer of dental consumables, increased its net sales by 4.6% to CHF 168.0 million in the fiscal year 2017 (2016: CHF 160.7 million).
The first-time consolidation of Diatech Inc. contributed CHF 1.8 million to reported sales growth. Currency translation had a net positive effect of CHF 1.7 million. Organic sales growth amounted to 2.4%.
All regions contributed to the pleasing top-line growth. At constant exchange rates, sales in Latin America rose by 9.4% thanks to a strong rebound in Brazil. In Asia, COLTENE Group lifted its sales by 7.6%, buoyed by double-digit growth rates in China and India. The Group's sales in North America advanced 3.4%, driven by the acquisition of Diatech amid muted market growth. In the highly competitive EMEA region, sales climbed 1.0% in local currency.
The Company expects its operating profit (EBIT) and net profit to increase at a slightly faster rate than the reported sales growth.
COLTENE will publish its definitive, audited results for fiscal 2017 on March 6, 2018.
Financial Calendar
Media and analyst conference on fiscal 2017 Annual Report 2017 | March 6, 2018 |
Annual General Meeting 2018 | March 28, 2018 |
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For further information: Gerhard Mahrle, CFO,
Telephone +41 71 757 54 37, Mobile +41 79 346 23 02, E-Mail gerhard.mahrle@coltene.com
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