Report
Straumann Holding AG : Q1 review – headwind in China stronger than expected
>Q1 sales impacted by Asia/Pacific - Straumann’s Q1 2023 revenues of CHF 595.6m (+1.1% y-o-y) were 1% ahead of our and in line with consensus. Organic growth came to 3.4%, bang in line with our forecast of 3.4%, but 100bp below the consensus of 4.4%. Forex effects created a headwind of 380bp, partially compensated by an acquisitions effect of 150bp. From a regional perspective, Europe achieved 9.2% organic growth and was ahead of expectations, North America 7.2% and w...
Underlying
STRAUMANN HOLDING AG
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Oddo BHF
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
Oliver Metzger
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