Henry Schein sales increase in first quarter

Henry Schein has published its financial report for the first quarter of 2010, highlighting a 14.6 per cent net sales growth on a local currency basis.

The company’s sales total for the year came to $1.8 billion (1.2 billion pounds), of which $609.5 million came from international markets.

Strong performance of the company’s dental products was cited as a key driver of growth across the world, with dental equipment and consumable merchandise both showing signs of improvement.

As a result of these positive indicators, the company has chosen to increase the low end of its earnings-per-share guidance range for the full year period.

Stanley Bergman, chairman and chief executive officer of Henry Schein, said: “We are pleased to report internal growth in local currencies in each of our five businesses for the quarter and we continue to see indications of positive market trends throughout our operations.”

This follows on from the successful year Henry Schein experienced in 2009, during which net sales grew by 2.5 per cent compared to 2008.