Coltene reports third-quarter earnings

Coltene, a supplier of products for the dental sector, has unveiled its latest financial results.

The figures show that the firm experienced a stable demand for its equipment and its sales for the period amounted to 104.7 million (62.4 million pounds) ? a figure ten per cent less than that reported during the same period of 2008.

However, this has been reduced from the 20 per cent loss recorded during the first quarter of 2009, the firm highlighted.

Coltene now expects a reasonably strong fourth quarter and has re-confirmed its full-year earnings before interest and taxes margin target of ten to 14 per cent.

It also predicts that it will undergo further significant increases in earnings by the end of the year.

The last time the firm released financial results was August 2009, when it described the market conditions during the first half of the year as being “difficult”.

It revealed that, due to the recession, its sales reached 69.7 million Swiss francs during the first half of 2009.