Smith & Nephew (SN.)

Sector:

Health Care

Index:

FTSE 100

991.60p
   
  • Change Today:
    -51.90p
  • 52 Week High: 1,314.50
  • 52 Week Low: 896.20
  • Currency: UK Pounds
  • Shares Issued: 874.32m
  • Volume: 4,433,336
  • Market Cap: £8,670m
  • RiskGrade: 173

Smith & Nephew Q3 revenues touch lighter than expected

By Michele Maatouk

Date: Thursday 03 Nov 2022

LONDON (ShareCast) - (Sharecast News) - Medical equipment maker Smith & Nephew posted slightly lower-than-expected third-quarter revenues on Thursday as it said revenue growth for the full year was set to be in the middle of the previously guided range.
Revenue for the quarter came in at $1.25bn, up 4.8% on the same period a year earlier on an underlying basis, but down 1.2% on a reported basis due to a 600 basis points forex headwind. Analysts had been expecting revenue of $1.26bn.

S&N said all franchises and geographies contributed to the underlying revenue growth. Orthopaedics revenue rose 2.1%. Excluding China, it was up 5.6%. Revenues from sports medicine & ENT grew 7.1%, with recent product launches performing well.

Meanwhile, the advanced wound management segment saw revenues rise 6%.

The company said full-year underlying revenue growth was expected to be in the middle of the previously guided range of 4% to 5%, while guidance for the trading profit margin was unchanged at around 17.5%.

Chief executive Deepak Nath said: "Last quarter we set out our 12-point plan to improve business performance. We are executing at pace and have recorded a number of early successes, including reducing backorders and improving instrument set deployment in Orthopaedics.

"We also continue to deliver innovative new products and build on the value of our technology. During the quarter we became the first company to receive FDA approval for robotics-assisted revision knee surgery, launched a superabsorbent wound dressing, and published compelling new rotator-cuff repair data for REGENETEN."





Email this article to a friend

or share it with one of these popular networks:


Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Smith and Nephew Market Data

Currency UK Pounds
Share Price 991.60p
Change Today -51.90p
% Change -4.97 %
52 Week High 1,314.50
52 Week Low 896.20
Volume 4,433,336
Shares Issued 874.32m
Market Cap £8,670m
RiskGrade 173

Smith and Nephew Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
80.42% below the market average80.42% below the market average80.42% below the market average80.42% below the market average80.42% below the market average
81.25% above the sector average81.25% above the sector average81.25% above the sector average81.25% above the sector average81.25% above the sector average
Price Trend
22.29% below the market average22.29% below the market average22.29% below the market average22.29% below the market average22.29% below the market average
8.11% above the sector average8.11% above the sector average8.11% above the sector average8.11% above the sector average8.11% above the sector average
Income
8.45% below the market average8.45% below the market average8.45% below the market average8.45% below the market average8.45% below the market average
100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average
Growth
50.82% below the market average50.82% below the market average50.82% below the market average50.82% below the market average50.82% below the market average
61.11% below the sector average61.11% below the sector average61.11% below the sector average61.11% below the sector average61.11% below the sector average

What The Brokers Say

Strong Buy 6
Buy 5
Neutral 6
Sell 0
Strong Sell 1
Total 18
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Smith and Nephew Dividends

  Latest Previous
  Final Interim
Ex-Div 28-Mar-24 05-Oct-23
Paid 22-May-24 01-Nov-23
Amount 23.10¢ 14.40¢

Trades for 28-Mar-2024

Time Volume / Share Price
17:41 3,336 @ 1,005.84p
17:19 3,177 @ 1,006.62p
16:44 41,872 @ 996.79p
16:38 500 @ 991.60p
16:38 500 @ 991.60p

Smith and Nephew Key Personnel

CEO Deepak Nath
CFO John Rogers

Top of Page