Straumann lifts 2026 margin outlook on stronger execution, China recovery (updated)

Vontobel Holding AG

17/06/2026 09:09

Adds share move in para 3, context on China, analyst comment, tariff refunds in paras 4-6

    June 17 (Reuters) - 
    Dental implants maker Straumann STMN.S on Wednesday sharply raised its 2026 profit outlook, citing stronger execution, rising earnings in China and lower tariffs.
The Swiss company now expects core earnings before interest and taxes (EBIT) margin expansion of 140 to 170 basis points at constant 2025 exchange rates, up from 30 to 60 basis points previously stated in February.

        Shares in Straumann were up 9.1% at 0744 GMT.
Straumann said a favourable geographical mix also supported gross margin gains, with China contributing more as pricing held steady following delays to volume-based procurement. In early 2026, the anticipated scheme had weighed on sales as customers postponed orders in expectation of lower prices.
"We expect the share price to price in a positive reaction at the start of trading today and for the consensus to revise the margin upwards," Zuercher Kantonalbank analyst Daniel Jelovcan said in a research note.
Straumann also expects non-core tariff refunds of up to 17 million Swiss francs, which are not included in its outlook.
($1 = 0.7917 Swiss francs)

 (Reporting by Danny Callaghan and Cian Muenster; Editing by Matt Scuffham)
 ((Email: danny.callaghan@thomsonreuters.com))