[Click eStock] "Dentis, Expecting Core Business Recovery from Next Year... Turnaround Outlook"

Plans to Expand into New Businesses Including Digital Transparent Orthodontic Solutions

[Asia Economy Reporter Kum Boryeong] Dentis is expected to recover its core business starting next year.

According to Hana Financial Investment on the 16th, Dentis, a specialized company in implants and dental auxiliary equipment, is forecasted to turn around next year.

Dentis, which has a high proportion of overseas exports, showed poor performance due to ongoing difficulties in operations caused by the prolonged emergency situation of COVID-19 in major export regions during the first half of the year. However, performance recovery is expected from the second half of the year due to the resumption of operations in some domestic and overseas regions.

Jung Mingu, a researcher at Hana Financial Investment, explained, "In the first half of this year, Dentis was affected by COVID-19 in domestic and major overseas regions (Iran, the United States, etc.), recording 23.1% lower sales compared to the same period last year, amounting to 23.5 billion KRW. However, starting from the third quarter as a bottom, operations have resumed in some overseas regions including the domestic market (United States, China, etc.), leading to performance recovery. Considering the deferred demand in the Iran region and the expansion of the LED business division, 2021 is expected to be a clear turnaround year."

Founded in 2005, Dentis is a specialized company in the development and production of implants and dental equipment. Its product lineup includes implants, dental equipment (chair units, LEDs, dental 3D printers), and dental bone graft materials. The company has a high export ratio to overseas regions; last year, the sales distribution by region was 49.8% domestic, 20.3% Iran, 15.2% United States, 5.3% China, and 9.4% other regions.

Expansion into new businesses such as digital clear aligner solutions is also planned. Researcher Jung said, "Dentis is expected to enter the clear aligner new business through mergers and acquisitions (M&A) to secure technology, benefiting from the blossoming domestic and international clear aligner markets. In the first half of this year, Dentis acquired 51% and 62% stakes in DioCo, a dental orthodontic digital solution software company, and TNS, respectively. Through DioCo and TNS, Dentis is expected to build digital clear aligner solutions including 3D diagnostics and CAD software development. Dentis aims to launch domestic services by the end of next year and expand overseas thereafter."

This content was produced with the assistance of AI translation services.