Dental News - Straumann Group reports strongest growth since 2007

Dental Tribune International

Tue. 20. February 2018

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BASEL, Switzerland: With a revenue that climbed 21 per cent to CHF1,112 million (€966 million) in 2017, the Straumann Group has just reported its strongest growth since 2007. A global leader in tooth replacement and orthodontic solutions, the company has also reported further improvements in profitability despite significant investments in new segments, geographic expansion, research and development, and production capacity and an increase in the number of worldwide employees from 3,797 to 4,881.

Fuelled by double-digit increases across all of its businesses, the organic growth of the Straumann Group rose by 16 per cent, driven by North America and Asia Pacific. Acquisitions and business combinations contributed CHF32 million (€27.8 million) to revenue. In the last quarter of 2017, organic revenue rose by 18 per cent, driven by North America and Europe, the Middle East and Africa, which each added a third of the group’s growth.

CEO Marco Gadola commented, “2017 was a landmark year. Revenue crossed the CHF 1-billion threshold for the first time, while our operating margin exceeded 25 per cent. We launched multiple innovative products, adding value for customers and patients. We increased our scope, reach, technology capabilities and production capacity. We invested in new markets, new subsidiaries and in people around the world. Our achievements and performance are a tribute to our employees, whose hard work, entrepreneurism, agility and player-learner mindset have made it happen.”

At Straumann, 2017 was characterised by intense merger and acquisition activity, resulting in multiple strategic transactions. Among other business moves, the group obtained a controlling interest in Medentika to expand in the non-premium implant segment. It increased its stake in Dental Wings to 100 per cent to accelerate the development of digital platforms and equipment. It entered the field of orthodontics by acquiring ClearCorrect and purchasing a 38 per cent stake in Geniova. Straumann acquired a 35 per cent share in Rapid Shape to gain access to 3-D printing technology and entered a partnership with 3Shape to distribute high-end intra-oral scanners.

In 2017, the group’s global team increased by 29 per cent to 4,881 employees, reflecting acquisitions as well as business and geographic expansion. The incorporation of Equinox, Medentika, Dental Wings and ClearCorrect added 479 employees, while the remainder came through internal expansion, mainly in Brazil, Switzerland and the US, and largely in production.

All of the group’s businesses achieved double-digit increases. Two-thirds of the growth was generated by the implant business. The group expects the global dental implant market to grow at about 4 per cent and is confident that Straumann can continue to expand its market share by achieving organic growth in the low double-digit percentage range.

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