Straumann sales jump on growing demand for dental implants

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August 16 (Reuters)Swiss manufacturer of dental implants Straumann STMN.S on Tuesday reported organic sales growth of 21% for the first half of 2022, citing strong demand for its solutions and healthy patient flow in Europe and Latin America.

The company, which specializes in tooth replacement and orthodontic solutions, posted half-year sales of 1.2 billion Swiss francs ($1.3 billion), crossing the billion mark for the first time in the first semester.

Straumann said its manufacturing has been operating at full capacity to meet the growing number of customer demands and to manage challenges due to delays in machine delivery.

“In the first half of the year, we have not yet seen a significant impact from the current economic challenges,” Chief Executive Guillaume Daniellot said in a statement.

The group said, however, that while patient flows in Europe and Latin America remained healthy, in North America the surge in inflation had some effect towards the end of the period.

Dental providers, who benefited last year from increased demand for specialist treatments as practices reopened after lockdowns eased, have faced new macroeconomic risks in recent months as consumers tighten their purse strings to cope with high inflation.

The company also said coronavirus-related restrictions in China were severely affecting its performance in the Asia-Pacific region, but added that it had helped it reduce some costs.

Its basic earnings before interest and taxes (EBIT) increased by almost 16% to 329 million francs in the first halfcorresponding to a margin of 27.9%.

Straumann also said its chief financial officer, Peter Hackel, will leave the company by January 2023 to pursue other career opportunities. Heckel has been Chief Financial Officer since 2014.

The company maintained its full-year outlook of organic revenue growth in the double-digit percentage range.

($1 = 0.9466 Swiss francs)

(Reporting by Marie Mannes in Gdansk, additional reporting by Andrey Sychev; editing by Milla Nissi)

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