COLTENE : An­nual Re­port for the Fi­nan­cial Year 2022

COLTENE : An­nual Re­port for the Fi­nan­cial Year 2022



Customer Focus

Annual2022Report

Fit for our Customers

COLTENE carried the positive momentum of its record 2021 performance into the first half of 2022. However, the after-effects of the pandemic impacted Group performance in 2022: supply bottlenecks lasted longer than expected, sales in China suffered from the lockdowns, and demand for surface disinfection returned to normal. In adddition, inflation and fears of recession increasingly affected the business. In short, there were many challenges that our employees managed to overcome with a great deal of commitment and flexibility.

We are delighted that the focus of our attention shifted back to personal customer contact in 2022. Training programs and customer seminars are once again part of normal life. This is a welcome development, as our business thrives on close cooperation with customers whether in research, development or during sales consultations. In line with this priority, we opended a new, state-of-the-art training center in North America. We also launched a central customer desk a platform that speeds up and enhances the efficiency and expertise of both offline and online cooperation with customers.

This year’s photo story illustrates our customer focus and shows how our employees are getting into shape for their customers.

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COLTENE Strategy Core Elements

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Focus on

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End Customer

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Synergies

Regulatory Expertise to Deliver Com­petitive Advantage

Contents

Product Overview

4

Facts and Figures

5

Information about COLTENE Shares

6

Highlights 2022

8

Foreword

10

Focusing on Customer Value

16

Operational Review

and Financial Commentary

20

Sustainability Report

28

Corporate Governance

48

Compensation Report

74

Financials

89

Important Addresses

126

Product Overview

The COLTENE Group divides its comprehensive product range into

three product groups: Infection Control, Dental Preservation, and Efficient Treatment.

Infection Control

Instrument reprocessing and surface disinfection

33 %

COLTENE offers cleaning, sterilization and disinfection products for reusable dental instruments and dental practice surfaces. Examples of its comprehensive range of products in Infection Control are state- of-the-art ultrasonic cleaning units and solutions, washers, thermal disinfection equipment and autoclaves, and premium disinfectant wipes for all dental practice surfaces.

Dental Preservation

Restoration, Endodontics

29 %

With its restorative and endodontic systems to conserve vital and non-vital tooth enamel, COLTENE offers a wide variety of products for lasting tooth preservation, from the crown to the root. Its attractive range of preservation products includes premium bonding solutions, composites, root canal instruments, irrigation solutions including auxiliaries, and materials for root canal obturation and sealing.

Efficient Treatment

Prosthetics, Rotary Instruments, Treatment Auxiliaries

38 %

The Treatment Efficiency product group comprises a wide range of products and auxiliaries that enhance efficiency in dentistry. These range from high-precision impression materials and premium wound treatment solutions to dental cotton products, efficient aspirator tips, high-performance rotary instruments, and dental dams used to isolate teeth for treatment.

Facts and Figures

COLTENE is an international developer, manufacturer and seller of dental consumables and small equipment in the areas of Infection Control, Dental Preservation and Efficient Treatment. COLTENE has state-of-the-art production facilities in the US, Canada, Germany, France and Switzerland, as well as its own sales organizations in all major markets including North America, Europe, Japan, China, India and Latin America. The COLTENE Group has 1 221 employees around the world (31 December 2022).

5-Year Overview: 20182022 (in CHF m)

Net Sales

Net Profit

2018

2019

2020

2021

2022

2018

2019

2020

2021

2022

204.0

273.8

248.4

279.2

267.1

17.0

20.0

8.2

31.7

26.0

EBIT

Free Cash Flow

-90.8

2018

2019

2020

2021

2022

2018

2019

2020

2021

2022

25.4

32.0

23.3

43.8

34.9

10.7

24.3

22.7

15.2

Net Sales by Region in %

5.5

North America

Latin America

EMEA

Asia

49.7

4.4

35.0

10.9

  2021

Disclaimer

Coltene Holding AG published this content on 03 March 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 03 March 2023 05:28:00 UTC.

© Publicnow 2023

All news about COLTENE HOLDING AG

Sales 2022 272 M
290 M
290 M
Net income 2022 26,6 M
28,3 M
28,3 M
Net Debt 2022 15,9 M
16,9 M
16,9 M
P/E ratio 2022 15,3x
Yield 2022 4,55%
Capitalization 436 M
463 M
464 M
EV / Sales 2022 1,66x
EV / Sales 2023 1,58x
Nbr of Employees 1 215
Free-Float 43,7%

Chart COLTENE HOLDING AG



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COLTENE Holding AG Technical Analysis Chart | MarketScreener

Technical analysis trends COLTENE HOLDING AG

Short Term Mid-Term Long Term
Trends Neutral Neutral Bearish

Income Statement Evolution

Sell

Buy

Mean consensus HOLD
Number of Analysts 2
Last Close Price 72,50 CHF
Average target price 96,00 CHF
Spread / Average Target 32,4%




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