Dental Implant maker’s stocks falling fast
The Swiss dental implant manufacturer Nobel Biocare is set to fall to it’s lowest stock market standing in eighteen months, and is close to being taken over by rivals Straumann.
The company has struggled over the last year as patients are seemingly avoiding complicated dental treatments, and the group’s eleven percent fall in shares have added to their current annual slump of forty-six percent. The net profit for the company has also fallen during the year, from €28.2 million to €19.6 million. The fall is being attributed to poor sales in the United States and Spain as the demand for dental implants fell sharply during the recent economic problems.
The group hopes to restructure their efforts in order to return to a market growth within twelve month.Join this Discussion