Coltene reports sales growth in first half of 2010

Coltene has published its financial results for the first half of 2010, a period which saw the dental supplier experience growth in sales and earnings.

The company posted a six-month sales figure of 73.7 million euros (46 million pounds), representing a year-on-year sales growth of 5.7 per cent.

Coltene described its progress during the last six months as a "gratifying" trend which has been driven by a strong performance across numerous geographical regions, including Europe, North America and emerging nations.

In addition, the company was also able to achieve a 27.6 per cent increase in earnings compared to the first half of 2009, thanks to a combination of sales performance and cost management initiatives.

The firm concluded: "Based on its successful business model … Coltene is confident that it will achieve attractive sales growth and solid profits for the second half of the year."

It means that the company is making progress in recovering from the sales dip seen in 2009, during which a "difficult business environment" impacted on sales.