The 2016 Business Year
Ivoclar Vivadent continues to grow
Schaan (FL) and Cologne (D) – 20th March 2017
Ivoclar Vivadent has completed the 2016 business year with sales revenues of CHF 775 million. Sales increased by 2.1% over the previous year. Expressed in local currencies, growth was 0.6%.
The business year has been characterized by different local currency growth rates. In Europe, Ivoclar Vivadent grew by 4%. Similarly positive growth rates were recorded for Latin America (+16%) and Asia/Pacific (+4%). "Our investments in the developing markets have proven to be extremely profitable. This is because Brazil, Mexico, Russia and China in particular have numbered among the fastest growing markets," says CEO Robert Ganley, commenting on the business result. By contrast, the North American market was facing difficulties in 2016. This market closed the year with a decrease of 4% due to a challenging laboratory market..
Clinical division showing strong upward trend
In 2016, the strongest growth drivers were the products and systems for dental practices. In particular the company's filling materials (+5%), luting materials (+ 9%), adhesives (+ 14%), clinical equipment (+ 18%) and accessories (+ 23 %) contributed towards this trend.
Increase in full-time positions by 170
On 31 December 2016, the Ivolcar Vivadent Group employed 3,467 full-time employees worldwide. The company's workforce has increased by a 170 people over the end of 2015. The additional jobs have been created across all subsidiaries and world regions.
Prospects for 2017
We will continue to focus on digital technologies in 2017. Ivoclar Vivadent anticipates a strong impetus with the introduction of its comprehensive CAD/CAM range, Ivoclar Digital, which will be presented for the first time at the International Dental Show (IDS) in Cologne. "We plan to enhance our customer focused market strength significantly with the introduction of Ivoclar Digital. This is a unique new digital product portfolio based on our core competences in digital materials and digital processes ," says Robert Ganley.
Substantial investments at headquarters in Schaan
For the current year, Ivoclar Vivadent is planning investments of around CHF 105 million. About half of the investment volume is earmarked for constructional measures at the company's location in Schaan, where, among other things, the company's own childcare facility is due to be opened in autumn 2017. In addition, the company will press ahead with the expansion of the production sites in Bürs (Austria) and Somerset (USA).