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Straumann Shares Soar 9% on 2026 Guidance Upgrade

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Straumann Shares Soar 9% on 2026 Guidance Upgrade

Straumann Holding (STMN.SW) on Wednesday guided 2026 profitability to be "significantly" above its previous outlook, underpinned by continued operational improvements, a favorable geographical mix, and lower-than-expected tariffs.

The dental products company now projects core EBIT margin expansion in the range of 140 basis points to 170 basis points at constant 2025 exchange rates, up from its previous forecast of 30 basis points to 60 basis points issued in February 2026. The improvement is expected to be split uniformly between the first and second half of 2026.

Shares of the Swiss dental implants maker zoomed up over 9% in midmorning trade.

At the midpoint, the new guidance points to a 155-basis-point constant currency jump, ahead of the sell-side consensus expectations of a 50-basis-point rise, according to a Bernstein report. "An upgrade was not entirely unexpected given progress on internal execution, delayed [volume-based procurement policy in China], and a reduction in tariffs as we highlighted in our note following Q1 results in April. However, the magnitude of the revision is clearly positive," analysts wrote.

At the same time, Straumann affirmed its high single-digit organic revenue growth outlook for the 12 months ending Dec. 31, ahead of the release of first-half results on Aug. 19.

Regionally, the tooth replacement and orthodontic services company reported an increase in profitability from China, driven by the Shanghai campus ramp-up and lower local-for-local production costs. Straumann also noted the delayed rollout of VBP 2.0, a gradual normalization in patient flow and distributor demand, and expected non-core related tariff-refunds of up to 17 million francs.

"Strong execution across our franchises, combined with significant operational leverage driven by manufacturing efficiencies on the one hand and disciplined resource management on the other while continuing to progress on our strategic priorities, contributed to stronger-than-expected profitability," Chief Executive Officer Guillaume Daniellot said.

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