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Interim Results

Smith & Nephew revenue rises 3%

27 July 2017 09:12

Smith & Nephew (SN.), the medical equipment manufacturing company, reported revenue of $1,194m for the second quarter, which was flat on a reported basis and up 3% when foreign exchange headwinds and the gynaecology division disposal are excluded.

The company saw a recovery in emerging markets, with revenue up 13% in the quarter.

For the first half, the operating profit was $414m, up from $357m the previous year.

The trading profit margin was 30 basis points higher at 21.1%, in line with guidance.

The group said it continues to expect underlying revenue growth of 3-4% and a 20-70bps improvement in trading profit margin for the full year.

At 9:12am: (LON:SN.) Smith Nephew PLC share price was +30.5p at 1331.5p

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