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Straumann sees economic woes hitting dental implants

from Reuters

Swiss dental implant maker Straumann expects the dental implant market to grow in the low-to-mid-single digit percentage range over the full year as economic uncertainty takes its toll. But Straumann, which rivals Nobel Biocare, said it was confident it would be able to outpace market growth. Straumann posted a 6.7 percent drop in third-quarter sales to 151 million Swiss francs ($170 million), slightly ahead of the average estimate of 149 million francs in a Reuters poll. The group, which has been grappling with the impact of the strong Swiss franc, said its full-year operating margin is expected to be in the high teens. more

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