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Straumann CEO expects China to help growth in 2021

Feb 16 (Reuters) - Straumann said on Tuesday it expects the Asia and Pacific region, which accounted for 20.5% of the Swiss dental implant maker’s fourth-quarter revenue, to lead growth in 2021, driven by China in particular.

“We see the trend is continuing in the first quarter,” CEO Guillaume Daniellot said in an interview for Reuters, adding that he expects North America, which made up for 29% of the group’s revenue in the fourth quarter, to also be a strong driver this year.

Daniellot also expects to see growth in all segments but especially on the clear aligner side, in which it also plans to focus its investments, strong growth in orthodontics and solid growth in implants, where the market is more mature.

The group reported a recovery in organic revenue growth across all regions in the final quarter of 2020. The pandemic had prompted it to cut 9% of its global workforce, or 660 jobs earlier in 2020, after doubling its staff over the previous three years to 7,680.

Daniellot added that the group has started to rehire workforce to support growth in orthodontics and development of its digital equipment business, which includes products such as remote monitoring systems and intraoral scanners. (Reporting by Veronica Snoj; editing by Jason Neely)

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