Straumann Holding AG (0QMV) Q2 2023 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, everyone. Thank you for joining this conference call about Stroman Group's first half-year report for 2023. We are happy to present our results and are looking forward to the questions and answers session at the end of the presentation. Please take note of the disclaimer in our press release and on slide 2. During this conference, we are going to refer to the presentation slides that were published on our website this morning. As usual, the presentation and discussion will include some forward-looking statements. As shown on the agenda on slide three, I will give you an overview of where we stand, and then our head of investor relations, Marcel Kellerhans, will share details about the financials. After that, I will provide you with an update on key strategic initiatives and our outlook. Let's start with our highlights and move directly to slide five. A very solid half year is behind us. Tromain Group revenue reached 1.2 billion Swiss francs in the first six months and 621 million in the second quarter. Overall, organic sales increased by 7.5% in the first half and 11.7% in the second quarter. One of the highlights of the second quarter is the large volume growth from China. It was heavily influenced by dynamic patient flow compared to last year's second quarter, which, as you remember, was affected by local lockdown due to COVID-19. EBIT margin amounted to a solid 26% thanks to healthy business growth combined with efficiency gains, and this despite significant currency headwinds. For this strong, healthier performance, I would like to congratulate the entire team around the globe for their dedication and focus on delivering our solutions to customers. Another highlight of our second quarter was our recent acquisition of GalvoSearch, a technology enabli...