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Swiss Nobel Biocare reports 16% fall in Q4 profit  Join our daily free Newsletter

MENAFN - - 19/02/2013

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(MENAFN) Swiss Nobel Biocare announced that its net profit in the fourth quarter declined by 16 percent from a year earlier, reported Reuters.

The dental implant maker said that it posted a quarterly net profit of USD14.95 million, mainly due to a steep drop in its sales in Japan.

The company said that within the coming 3-5 years, it plans to boost earnings before interest and taxes (EBIT) margin to between 50 to 100 bps annually at constant exchange rates, in case markets enhanced beyond 2013 to modest mid-single digit growth.

It is worth noting that Nobel Biocare, which was affected by the deteriorating global economy, forecasts 2013's conditions to be tough.

 






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