In the 2022 business year, the Ivoclar Group achieved a turnover of 872 million Swiss francs, surpassing its previous record set in 2021. The Liechtenstein-based dental and medical device company, which is celebrating its 100-year anniversary in 2023, attributes this success to the introduction of innovative new products and the company’s expansion into growth markets around the globe. Nevertheless, a change in leadership has been announced: Markus Heinz will replace Diego Gabathuler as CEO of the Ivoclar Group.
After having achieved excellent operating results in the 2019 and 2021 fiscal years, the Ivoclar Group further improved its performance over the past financial year to attain the highest total revenues in the company’s history, amounting to 872 million Swiss francs. The currency-adjusted turnover was 4.9% higher than in the previous year and therefore above the average market growth rate.
Change at the helm of the company
Under the leadership of Diego Gabathuler, the company has developed very successfully in recent years. Numerous initiatives focusing on creating a more modern, digital, and customer-centric organisation underpin the strategic direction.
After eight years with the company and for almost four years in the role of CEO, Gabathuler has decided to leave the company. He will take some time out from corporate life to explore career options outside the dental industry with particular interest in the world of start-ups.
“We would like to thank Diego for his achievements over the years and wish him good luck for the next chapter in his life,” said Helmut Schuster, chairman of the Supervisory Board of the Ivoclar Group.
Markus Heinz appointed new CEO
The successor of Diego Gabathuler will be Markus Heinz. He started his career at the company in 1985 and most recently held the position of chief operating officer. Heinz has a proven track record in the fields of production, supply chain management, organisational development, people management and customer care, a skillset the Ivoclar Group wants to draw on in order to continue its story of success.
“My remit is to continue successfully implementing the existing strategy and to further develop the organisation. This includes fine-tuning and optimisation by increasing the focus on our growth markets and on our core products while investing in innovative solutions for the future. We will continue to sharpen our focus on our customers, our people and partners,” said the new CEO Markus Heinz.
Mastering challenges together
The Ivoclar Group did not remain unaffected by the geopolitical and economic tensions in the world in recent years. Nevertheless, the company successfully navigated through these tough circumstances.
“Even though we had to deal with issues related to logistics, delivery capabilities and energy supplies, we were able to anticipate the challenges in advance and plan accordingly,” explained Heinz. “The geographical diversification strategy of the company allows us to spread our business activities over different types of economic regions, thereby reducing currency and supply chain risks. This gives us a competitive edge in uncertain times.”
Heinz will be supported in his many tasks by the existing members of the corporate management. In his role as chief commercial officer, Christian Brutzer will be responsible for the sales organisation of all markets in the future.
Outlook on 2023
In 2023, Ivoclar is celebrating its 100-year anniversary under the theme of “A Century of Innovation”.
At trade fairs and conferences around the world, the company is sharing its rich history of innovative achievements and celebrating its success story with its customers. The insights provided by the “Ivoclar Innovation Room” at the International Dental Show (IDS) already gave an outlook on how the company founded in 1923 intends to continue its success story.
In June, Ivoclar will be inaugurating its new administration, visitor, and training centre at the company headquarters in Liechtenstein. The building houses 300 attractive workspaces and allows visitors to immerse themselves in a unique dental world of experience, the Ivoclar Experience, which brings to life the company’s mission of “Making People Smile”.