Swiss dental equipment company, Straumann Holding, has announced a lower net profit for the first half of the year. Despite a rise in revenue, higher costs offset the increase.
Straumann Holding announced on Tuesday that its net profit for the first half of the year was CHF205.8 million ($234.3 million), compared to CHF265.4 million in the same period last year. Although revenue for the first half increased from CHF1.18 billion to CHF1.22 billion, higher costs impacted the company's bottom line.
In the second quarter alone, Straumann Holding saw a 5.4% increase in revenue to CHF621.3 million, and this growth reached 12% on an organic basis.
However, core earnings before interest and taxes for the first half declined to CHF316.7 million from CHF329.1 million. The margin also decreased from 27.9% to 26.0%.
Despite these challenges, Straumann Holding remains optimistic about the future. The company projects organic revenue growth in the high single-digit percentage range and expects profitability to hover around 25% for the full year, considering the inclusion of growth investments.
China's Central Bank Cuts Policy Rates
Related Articles
![Hedge Fund Strategies Benefiting from Economic Shift](https://www.signalsforex.net/img/0888b08e-b978-43c0-bdb4-4db1785eb1d5/news-article-3.jpeg?fm=jpg&q=80&fit=max&crop=1440%2C1080%2C240%2C0)
Hedge Fund Strategies Benefiting from Economic Shift
Hedge funds employing long/short strategies have benefited from the underperformance of heavily shorted stocks in 2024. This shift in performance has created op...
![Olaplex Reports Decreased Sales in Q2, Shares Drop by 18%](https://www.signalsforex.net/img/0888b08e-b978-43c0-bdb4-4db1785eb1d5/news-article-3.jpeg?fm=jpg&q=80&fit=max&crop=1440%2C1080%2C240%2C0)
Olaplex Reports Decreased Sales in Q2, Shares Drop by 18%
Olaplex reports a significant decrease in sales and profits in Q2, with net sales dropping by 48%. Shares plummet by 18%.
![Defense Secretary Lloyd Austin Battles Prostate Cancer](https://www.signalsforex.net/img/0888b08e-b978-43c0-bdb4-4db1785eb1d5/news-article-3.jpeg?fm=jpg&q=80&fit=max&crop=1440%2C1080%2C240%2C0)
Defense Secretary Lloyd Austin Battles Prostate Cancer
Defense Secretary Lloyd Austin is battling prostate cancer and underwent surgery followed by hospitalization for a urinary tract infection. The news prompted po...