By Cian Muenster and Emanuele Berro
(Reuters) -Swiss dental implant maker Straumann said on Tuesday it aimed to increase its operating margin by 40-50 basis points by 2030 and reiterated its goal for average yearly organic revenue growth of 10% in the same period.
The company’s operating profit margin was 26% in 2024 and its previous 2030 target stood between 25% and 30%. The new goal also lands within this range.
The target assumes constant foreign exchange rates between 2026 and 2030, Straumann said in a statement ahead of its capital markets day. Negative currency exchange conditions have weighed on earnings this year, as the Swiss franc strengthened by about 11% against the U.S. dollar.
Analyst Sibylle Bischofberger from Vontobel said the new guidance was slightly above the brokerage’s estimates, and added that Straumann would continue to benefit from long-term market trends and its broad product portfolio.
Straumann CEO Guillaume Daniellot said the company was transforming from a product- to a service-led organization, led by its AXS cloud system that aims to link hardware, software and services to support dental treatments.
Speaking to investors during the event, he emphasized partnerships with dental service organizations, saying they represent around 30% of the total dentistry market, drive patient flow and invest in advertising for high-end treatments.
Demographic trends should also support growth, he said, pointing to ageing populations in China, Japan, Germany and Switzerland, and to further untapped potential in emerging markets.
“There is 220 million patients per year who can afford an implant treatment and that have missing teeth, and … only 17 million are doing a treatment on a yearly basis.” Daniellot said.
The competitive landscape has shifted, he added, with new rivals emerging from Southeast Asia and China to challenge established players in Europe and North America.
Straumann is expanding its local implant manufacturing in China to offset negative earnings effects. That includes moving 250 jobs from its Villeret site in Switzerland to China, as announced in June.
($1 = 0.8088 Swiss francs)
(Reporting by Cian Muenster and Emanuele Berro in Gdansk, editing by Milla Nissi-Prussak)
