Straumman says will take a hard look at costs after SNB move

Swiss dental implant maker Straumann said it will take a hard look at costs after a surprise move by the Swiss National Bank to scrap its three-year-old cap against the euro sent the franc soaring. “It goes without saying that we are watching the situation carefully and will take adequate corresponding measures,” a spokesman said in an emailed statement, adding Straumann had diversified away from Europe as well as significantly cut costs in recent years. Straumann said a 10 percent appreciation in the franc against the euro would knock around 25 million Swiss francs ($24.47 million) off its topline and 15 million of its earnings before interest and taxes.
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