Key figures for 2021 financial year

COLTENE delivers excellent full-year results thanks to strong demand

COLTENE Holding AG / Key word(s): Miscellaneous Key figures for 2021 financial year: COLTENE delivers excellent full-year results thanks to strong demand 28-Jan-2022 / 07:00 CET/CEST Release of an ad hoc announcement pursuant to Art. 53 LR The issuer is solely responsible for the content of this announcement. Media Release

Ad hoc announcement pursuant to Art. 53 LR

Altstätten, 28 January 2022

 2021 saw healthy growth in demand for dental products. The first half (H1) of 2021 was defined by catch-up effects, and sales grew at disproportionately high rates. In H2, demand returned to more normal levels and the supply chain bottlenecks increasingly affected COLTENE, partially impacting its capacity to deliver. Despite a softer H2, COLTENE sales were up by a significant 12.4% for the full year. At constant exchange rates and adjusted for the effects from the disposal of Vigodent in 2020, COLTENE sales increased even more, by 13.9%. All markets and product groups recovered from their 2020 pandemic levels. At CHF 279.2 million, sales for full-year 2021 outperformed 2019 sales (CHF 273.8 million). At constant exchange rates and adjusted for the disposal of Vigodent, organic growth was 10.1% compared to 2019.

 

Changes in Group Management

With effect from 1 January 2022, Paul Frey, Vice President Sales & Marketing Communication North America, was appointed to Group Management. Paul Frey (age 47) is a US citizen and brings many years of experience in the dental industry to his roles. He previously worked for Kulzer Dental in North America. Based in the US, Paul Frey oversees the COLTENE Group's largest market from his home country. He joined the COLTENE Group in October 2021.

 

Also effective 1 January, Markus Abderhalden became Chief Financial Officer of the COLTENE Group. A Swiss citizen, Markus Abderhalden (42) brings solid industry experience in finance roles and many years of experience as an auditor. He joined COLTENE from the DGS Group where most recently he was CFO.