Ivoclar Vivadent has announced its financial results for the 2017 business year, during which it generated a turnover of CHF 809 million (GBP 601.12 million).
This represented a year-on-year increase of 4.5 percent, or 3.3 percent in local currency terms. Its strongest performance came in emerging markets such as Brazil, China, Russia and Mexico, where the firm's growth rate exceeded 20 percent.
“Ivoclar Vivadent has reported year-on-year sales growth of 4.5 percent for the 2017 business year.“
During 2017, the firm's direct restoratives and professional care divisions performed particularly well, while sales of restorative materials increased and the turnover of clinical accessories rose significantly.
The firm was also able to create a total of 129 new jobs, meaning Ivoclar Vivadent now employs 3,596 full-time members of staff.
During the remainder of 2018, the company will invest around CHF 82 million in projects around the world, including planned upgrades to its corporate headquarters in Schaan, Liechtenstein, and additions to several production facilities.
Robert Ganley, chief executive officer of Ivoclar Vivadent, said: "We are very pleased with this performance, but this trend is not new. The company has been investing in the emerging markets with much success for many years."
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