Global Dental Earnings Announcements in the First Half of 2020
Struggling and innovating under the epidemic.
With the publication of Strauman’s half-yearly report on August 13,2020, the global dental TOP4 half-yearly report appeared in full.
Against the backdrop of a general double-digit decline in revenue, Dentsply Sirona was first, Envista was second, Align Technology was third and Strauman was fourth.
It is worth noting that the dental digital business of enterprises offset some of the losses caused by the epidemic to enterprises, so that dental companies are more identified with the trend of digitalization, in the compression of costs at the same time, continue to invest in digital innovation.
Compared to the general decline in revenue of foreign dental enterprises in the first half of the year, the revenue of domestic dental enterprises generally improved in the second quarter after the domestic epidemic was under control. Driven by the strong market demand, the digital layout of domestic dental enterprises also gradually to the direction of industrial mergers and acquisitions, business integration.
Dentsply Sirona
Total revenue for the first half of 2020 (including precious metal consumables, same below) was USD 1,365 million, -30.2% year-on-year. Due to the wide business coverage, the company was forced to bear the brunt of the epidemic in several segments at the same time.
Envista
Total revenue for the first half of 2020 was $909 million, -33.7% year-on-year. Envista also suffers from the same issues as Dentsply Sirona described above. In addition, Envista is facing cash flow pressures, which is expected to limit its future M&A investments.
Align Technology
Total revenue for the first half of 2020 was approximately USD 903 million, -21.4% year-on-year. Also hit by the epidemic, the dental digital focus has allowed Align Technology to respond more flexibly, especially when the epidemic improves and revenues can recover quickly.
Strauman
Total revenue for the first half of 2020 was USD 665 million, -22% year-on-year. The digital business has a high proportion of Strauman in the late second quarter business gradually recovered, will further expand to invisible orthodontics and oral sweep business.
Note: Strauman data has been converted at the exchange rate of August 13, 2020.