Media Release
Key Figures H1 2018:
Significant sales growth and disproportionate increase in profitability
Altstaetten, August 3, 2018 - COLTENE Holding AG (SIX Swiss Exchange: CLTN), an internationally leading developer and producer of dental consumables, increased its sales by 9.7% in the first half of 2018 and its operating profit by 17.8%. Net income rose by 14.8%.
In the first half of the financial year 2018, the net revenues of the COLTENE Group in the reporting currency of Swiss francs increased significantly by 9.7% to CHF 85.6 million (H1 2017: CHF 78.0 million). Organic growth in local currencies amounted to 4,2%, well above the market average of 2-3%. Acquisitions and positive currency effects accounted for CHF 4,3 million or 5,5% of the reported sales growth.
Profit growth in the first half of 2018 was disproportionately higher than the increase in sales. Operating profit (EBIT) amounted to CHF 11.3 million in the first half of 2018. This represents an increase of 17.8% on the same period of the previous year (H1 2017: CHF 9.6 million). The EBIT margin reached 13.2% in the traditionally weaker first half of the year (H1 2017: 12.3%). Net profit increased by 14.8% to CHF 6.9 million (H1 2017: CHF 6.0 million).
COLTENE will publish its definitive, reviewed half-year results for 2018 on August 24, 2018 as well as an update about the planned acquisition of the SciCan and MicroMega Group.
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For further information: Gerhard Mahrle, Corporate Communications/Investor Relations,
phone +41 71 757 54 37, mobile +41 79 346 23 02, e-mail gerhard.mahrle@coltene.com
Financial Calendar
Publication of half-year report 2018 | August 24, 2018 |
Investora Zurich | September 27, 2018 |
Media release on closing of SciCan and MicroMega acquisitions | Fourth quarter 2018 |
Annual Results 2018 | March 7, 2019 |
Annual General Meeting 2019 | April 3, 2019 |
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