Swiss dental implants maker Straumann maintained its moderate 2022 outlook on Tuesday despite strong first-half sales driven by high demand, sending its shares tumbling as much as 10% in afternoon trading. "Straumann is often conservative, but we believe there had been some hope from bulls for an upgrade" to the year's forecast, J.P.Morgan said in a note, adding the outlook implied a sharp slowdown in the latter half of the year. The company, which specialises in tooth replacement and orthodontic solutions, sees full-year organic sales growth in the low-double-digit percentage rage, against 21% growth in the first six months.
GENEVA & BASEL, Switzerland, June 08, 2022--Please replace the release with the following corrected version due to multiple revisions.
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