Brief: Coltene Holding Says In First Half Of 2020 Co Posted Net Sales Of CHF 103.9 Mln

COLTENE Holding AG

07/08/2020 05:05

Aug 7 (Reuters) - Coltene Holding AG  CLTN.S :
    * IN FIRST HALF OF 2020, COLTENE GROUP POSTED NET SALES OF
CHF
103.9 MILLION
    * COLTENE HOLDING- EXPECTS DEMAND FOR DENTAL CONSUMABLES TO
RALLY
IN MOST MARKETS, ANTICIPATES STRONGER SALES AND EBIT MARGIN
GROWTH IN H2 VERSUS H1
    * H1 2020 EBIT MARGIN WAS 2.5% (H1 2019: 9.4%)
    * OPERATING PROFIT (EBIT) WAS CHF 2.6 MILLION IN H1 2020 AND
REMAINED IN POSITIVE TERRITORY (H1 2019: CHF 12.8 MILLION).
    * FOR SECOND HALF OF 2020, COLTENE FORESEES AN ONGOING
RECOVERY IN
MOST MARKETS
    * ANTICIPATES FULL-YEAR RESULTS TO BE IN POSITIVE TERRITORY
BUT
LOWER THAN THOSE FOR PREVIOUS YEAR
    * H1 NET PROFIT DECREASED TO CHF 0.3 MILLION (H1 2019: CHF
7.9
MILLION)

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