Straumann delivered 11% (9% organic) revenue growth during the fiscal third quarter, slightly ahead of FactSet consensus. Shares traded sideways Oct. 28 on results.
Straumann's strategic tuck-in acquisitions add value in its growing portfolio and expand presence in high-growth emerging markets.
Bears
The value dental implant segment, an area Straumann lags relative to low-cost providers, could continue to outpace the premium segment and lead Straumann to lose its foothold in the implant market.
Straumann is a global leader in dental implants and orthodontics solutions. Its portolio includes abutments, clear aligners, biomaterials, and computer-aided design/computer-aided manufacturing equipment. The firm's core products are dental implants, and it controls over one-third of the CHF 6 billion global market. Originally a pure premium implant player, Straumann entered the value market in 2012 with its acquisition of Neodent. Straumann now accounts for almost half of the global premium market and around 15% of the value market. While its premium product catalog is marketed under Straumann, its value brands include Neodent, Anthogyr, and Medentika as well as other local and regional brands.