Straumann Holding Ltd

Latest Results (31.08.2026):

Straumann Holding Ltd — second quarter 2026: Straumann reported a strong Q2 2026 with revenue of CHF 707.0 million (organic growth 8.5%) and first‑half revenue of CHF 1,379.5 million (organic growth 7.8%). Profitability improved on a constant‑currency basis (core EBIT margin 26.9% at 2025 exchange rates), free cash flow rose to CHF 168.6 million (+49% YoY), and the company confirmed its upgraded full‑year 2026 outlook: high single‑digit organic revenue growth and core EBIT margin expansion of about 140–170 basis points (CER).

Revenue and growth

Q2 2026 revenue: CHF 707.0m (organic +8.5%; +5.9% in CHF YoY). H1 2026 revenue: CHF 1,379.5m (organic +7.8%; +2.3% in CHF YoY). Growth was broad‑based across regions and product lines.

Profitability

Core EBIT (H1 2026) improved to 26.9% at constant 2025 exchange rates (25.7% including currency effects). IFRS EBIT margin was 25.4%. Core net profit reached CHF 262.0m; core basic EPS CHF 1.64.

Cash flow & balance sheet

Free cash flow H1 2026: CHF 168.6m (+49% vs prior year), supported by higher operating cash flow and lower capex (CHF 74.1m vs CHF 113.0m prior). Cash and cash equivalents: CHF 381.0m; net cash position: CHF 34.7m; equity ratio: 58.6%.

Regional performance

EMEA and North America each delivered organic growth above 8% in Q2 2026. Asia Pacific grew 7.4% overall (ex‑China +25.0%). Latin America grew 11.8% organically, with Brazil and Hispanic markets strong contributors.

Key business drivers

Premium implantology led by iEXCEL drove customer conversions and market‑share gains; Neodent continued rapid expansion in the challenger segment. Digital solutions (notably SIRIOS X3 scanners and the cloud‑based Straumann AXS platform) showed strong adoption and are scaling the Group’s connected‑workflow ecosystem.

Operational efficiency & investments

Profitability benefited from manufacturing productivity, supply‑chain optimization and disciplined resource management. Capital investments continue (Shanghai campus, Curitiba expansion) but capex intensity declined versus prior periods after significant capacity build‑out.

Outlook & guidance

Straumann Holding Ltd confirms its updated 2026 guidance: expect high single‑digit organic revenue growth and core EBIT margin expansion of ~140–170 bps at constant 2025 exchange rates, with improvement distributed evenly across H1 and H2 (subject to usual risks and uncertainties).

Non‑core items

H1 2026 non‑core pre‑tax items include M&A amortization and contingent consideration changes (CHF 13.9m), legal case costs related to Align litigation (CHF 18.0m), a CHF 1.0m pension plan effect and tariff‑related refunds classified as other non‑recurring income. Core metrics exclude these items for comparability.