COLTENE Holding AG provided earnings guidance for the first half and full year of fiscal 2021. The company expects sales to be up significantly in the first six months of this year on the same period last year and also higher than the pre-pandemic level in the first half of 2019, although there is a negative exchange rate effect of 6% compared with 2019. COLTENE's management anticipates sales of between CHF 140 million and CHF 145 million in the first half of the year, with sales slightly weaker in the second half of 2021 compared to the first half of the year.
Sales are projected at between CHF 270 and CHF 280 million for the full year. On these assumptions the EBIT margin is forecast to reach over 15% for the full year 2021.