The equipment manufacturer for the dental-surgical industry Straumann achieved a turnover of 1.18 billion francs in the first six months of the year, easily crossing the billion mark thanks to growth of almost by a fifth.
Operating profitability has eroded somewhat.
The basic Ebit margin – cleared of any item deemed exceptional – fell by 90 basis points to 27.9%, for a related result of 329.1 million. Net profit nevertheless jumped by almost a quarter to 265.3 million, lists the midterm report released on Tuesday.
The performance is above the average expectations of the analysts consulted by AWP. The consensus stood at 1.16 billion for turnover and 315 million for adjusted Ebit.
Held back by the sanitary confinements in China, the Asia-Pacific region nevertheless posted growth of nearly 15% to 223.8 million. The Europe/Middle East/Africa (Emea) zone consolidated its position as the main contributor to the group’s revenues, with an increase of 18.6% to 526.2 million, ahead of North America (+17.9% to 342.2 million).
The strongest regional growth, however, was recorded in Latin America, with a jump of 52.4% to 86.1 million.
Management is renewing its ambitions for the full year, including in particular organic growth of just over 10%, as well as a basic Ebit margin of around 26%.
The Rhine group is also taking leave of its financial director Peter Hackel, who has decided to leave the company by next January. The search for a successor is in full swing.
The board of directors will also be reshuffled next year, Beat Lüthi not seeking the renewal of his mandate. Olivier Filliol will be proposed to succeed him.
ats, awp
