Sirona Announces Second Quarter Results

By Raju Shanbhag

TMCnet Contributor

 

Sirona is a manufacturer of dental technology and has been pioneering many technological innovations in dentistry. The company develops, manufactures and markets a whole range of dental products, which include CAD/CAM restoration systems (CEREC), digital intra-oral, panoramic and 3D imaging systems, dental treatment centers, hand pieces and hygiene systems.

 

The company recently announced its financial results for the quarter ended March 31, 2012. The company registered an increase of $17.1 million in revenues which touched $231.9 million this year. The company witnessed an 11 percent growth in its CAD/CAM Systems and a 3.5 percent increase in its imaging Systems, the company stated in a release.

 

With a profit margin was 53.8 precent in the second quarter of Fiscal 2012, the company recorded a gross profit of $124.6 million. Lower amortization, which was offset by margin compression mainly due to product mix was the main reason for increase in gross profit, the company stated in a press release.

 

Jost Fischer, Chairman and CEO of Sirona commented: 'I am pleased to report solid results for the second quarter of fiscal 2012. The Treatment Center and the CAD/CAM segments led our growth, up 17.5 percent and 13.7 percent respectively on a constant currency basis. Revenue growth was particularly strong in non-European international markets, led by Asia Pacific. We benefited from our innovative product lines and our expanded presence in these markets. Additionally, the U.S. posted a sequential improvement in revenue growth."

 

Recently, the company Validated and Approved Objet to Offer Complete Dental Model Production to their Worldwide Resellers and Dental Lab Customers Sironahas also introduced its latest collaboration with Objet Ltd. (Rehovot, Israel). Objet's 3D Printing Systems have received Sirona approval for the manufacture of custom printed dental models. The approval is an important step in Objet and Sirona s long term relationship, the company has stated.