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Straumann Group
Straumann Group (STMN) investor relations material
Straumann Group Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q4 2025 earnings summary18 Feb, 2026
Executive summary
Achieved CHF 2.6 billion in revenue for 2025, up 8.9% organically, with strong Q4 performance and continued market share gains across all regions despite headwinds in China and currency impacts.
Record year for innovation, including launches of iExcel implants, SIRIOS X3 intraoral scanner, and digital workflow expansion, supporting growth in implants and clear aligners.
ClearCorrect manufacturing transition to Smartee is on track, supporting scalable growth in orthodontics.
Delivered 7.3 million smiles in 2025, an increase of 600,000 from the previous year, reflecting growth in both implants and clear aligner cases.
High employee engagement score of 80, reflecting a strong performance culture and entrepreneurial mindset.
Financial highlights
Core EBIT margin reached 25.2% (26.5% at constant rates), with efficiency gains offsetting FX headwinds; core net result was CHF 478 million (18.3% margin).
Gross profit margin was 70.1%, supported by product mix and scale, partially offset by tariffs and Shanghai ramp-up.
Free cash flow reached CHF 290 million (11.1% of revenue), with CapEx of CHF 223 million, ending a major investment cycle.
Non-core items totaled CHF 120 million after tax, mainly from restructuring and transformation costs.
Proposed dividend increased to CHF 1.00 per share, up 5% year-over-year, with a payout ratio of about 33%.
Outlook and guidance
Expects high single-digit organic revenue growth and 30–60 bps EBIT margin expansion at constant 2025 FX rates for 2026, with margin improvement more pronounced in H2 2026.
China expected to recover in H2 2026 as VBP impact fades and destocking subsides.
Business model expected to remain resilient amid ongoing market volatility and regulatory challenges.
Dividend increase proposed, maintaining a stable payout policy.
Mitigate China VBP 2.0 impact
Service-led model: AXS platform impact
CapEx increase: Future capacity benefits?
What drives China's H2 2026 growth recovery?
How will ClearCorrect achieve profitability?
What catalyzes chairside prosthetics market shift?
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Next Straumann Group earnings date
Q1 202629 Apr, 2026
Straumann Group
Next Straumann Group earnings date
Q1 202629 Apr, 2026
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Frequently asked questions
Straumann Holding AG develops and produces dental implants, orthodontic products, and digital solutions for tooth replacement and restoration. The company serves dental professionals and laboratories through a portfolio of surgical, prosthetic, and digital dentistry technologies. It operates globally in the dental care market. The company is headquartered in Basel, Switzerland, and its shares are listed on the SIX.
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