Despite strong growth in sales of its imaging and CAD/CAM equipment, Sirona Dental Systems saw its net income drop almost 50% year over year for the fourth quarter of fiscal 2011, due in part to the strengthening euro relative to the dollar.
For the quarter (end-September 30), the company reported revenues of $218.8 million, a 19.6% increase over revenues of $182.9 for the same quarter a year ago.
Net income for the quarter was $13.8 million, down 44% from revenues of $24.7 million for the fourth quarter of 2010.
Revenue climbed 43% in its imaging systems business, 11% for CAD/CAM systems, 11% in its instruments business, and 2.7% percent in treatment centers, Sirona said. Revenue increased 14% in the U.S. and 22% internationally.
For the full year, Sirona reported revenues of $913.9 million, up from $770.2 million for 2010, and net income of $121.8 million, compared with $90 million for 2010.
