Sirona Dental Systems, Inc. F1Q09 (Qtr End 12/31/08) Earnings Call Transcript.

  • download
  • Print
  • Recommend
  • 0

2009-02-05 13:01:15.0

Tags: William Blair & Co., Call Transcript, Earnings, Amortization, Sirona Dental Systems Inc., Taxes, Free Trade, Personal Finance, Financial Planning, Finance, Seeking Alpha

Question-and-Answer Session

Operator

(Operator Instructions). Your first question comes from the line of John Kreger with William Blair & Company.

Natalie - William Blair & Company

Hi everyone this is Natalie in for John.

Jost Fischer

Hi Natalie.

Natalie - William Blair & Company

First I was just hoping given sales and operating income were down in Q1 I was hoping you could talk about some of the factors that (inaudible) is performing better later in the year?

Simone Blank

Natalie, we reiterated guidance today and said that we expect to be less revenue and constant currency and plus amortization. And we also said before that we expect we are on-track we are inline with other expectations. And that we were expecting a week of first half and positive growth in the second half also driven by the IDS patent and by new product launches including the AC.

Natalie - William Blair & Company

Got it. Okay and then also what do you think drove the better Galileos performance in the quarter, do you think that was driven in part by some of the tax incentive?

Jost Fischer

I think certainly the section 179 did play a role, Natalie, but I have to say a lot of credit goes to territory managers and the Patterson reps who got behind selling this outstanding product and keep in mind we also launched the Compact which had a significant impact in the quarter.

Natalie - William Blair & Company

Okay, great. And then Simone, did the related amortization that you had in Q1, should that be above the level that we expect for the remaining quarters of '09?

Simone Blank

I didn’t fully get that question, Natalie.

Natalie - William Blair & Company

Yeah, the deal related amortization that you had in Q1, is that above the level we should expect going forward?

Simone Blank

Yeah. The amortization in the quarter is the level that we would expect going forward.

Natalie - William Blair & Company

Okay. Thank you.

Operator

Your next question comes from the line from Jon Wood with Bank of America/Merrill Lynch. Please proceed.

Jon Wood - Bank of America/Merrill Lynch

Thanks guys. Can you give us some color on the factors behind the considerable weakness you saw in Germany in the period?

Jost Fischer

Hi Jon. This is Jost. Yeah, market was weak in Germany, and it was down materially as we indicated in our last call, general economic environment certainly played a role and then the absence of any material tax incentives and during the quarter there was an announcement that an accelerated tax depreciation will be in place for 2009, which certainly did not encourage any doctor to buy during the 2008 side of it.

 

BNET TalkbackShare your ideas and expertise on this topic

Please add your comment:

  1. You are currently: a Guest |
  2.  

Basic HTML tags that work in comments are: bold (<b></b>), italic (<i></i>), underline (<u></u>), and hyperlink (<a href></a)

advertisement
advertisement
  • Click Here
  • Click Here
  • Click Here
advertisement
Click Here