By Straumann Holding Faces Challenges in 2023
Shares in Straumann Holding took a hit following a decrease in net profit in 2023, attributed to currency challenges and decreased profitability.
Financial Performance
- Share Price Decrease: At 0810 GMT, shares dropped by 5.7% to CHF139.55
- Year-to-Date Performance: Shares still up by 2.9% since the start of 2024
- Net Profit: Fell to CHF246.1 million from CHF434.8 million in 2022
- Core Operating Profit: Increased slightly to CHF606 million from CHF603 million
- Revenue: Rose to CHF2.41 billion from CHF2.32 billion, despite currency challenges
Strategic Outlook
The Swiss dental-equipment manufacturer expressed confidence in its market positioning for the year ahead:
- Dividend Increase: Proposing a dividend boost to CHF0.85 from CHF0.80
- 2024 Targets: Targeting organic revenue growth in the high single-digit percentage range
- Profitability Goals: Aiming for profitability around 26% with constant 2023 currency rates
Despite challenges, Straumann Holding remains optimistic about its future prospects for the year.
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