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Straumann books increase in Q2 revenue, raises guidance for full year

Straumann Holding AG, a maker of dental replacements and implants, posted a 20.4% year-over-year organic growth in its second-quarter revenue and raised its full-year sales guidance.

The Swiss company booked second-quarter revenue of CHF357.3 million, up from CHF277.1 million a year earlier.

In Swiss francs, revenue over April-June surged 29% year over year.

For the January-June period, net profit excluding exceptionals, amounted to CHF139.8 million, up from CHF117.2 million in the year-ago period.

Exceptionals in the first half of 2018 include the company's acquisition of Turkish distribution company Batigroup, while exceptionals in the first half of 2017 include the business combination of Medentika.

Revenue for the first half was CHF681.5 million, up from CHF543.4 million a year earlier.

The Basel, Switzerland-based group raised its full-year 2018 organic revenue growth forecast to a mid-teen percentage range from a low-double-digit growth earlier.