Smith & Nephew (SN.)

Sector:

Health Care

Index:

FTSE 100

1,140.00p
   
  • Change Today:
    -11.00p
  • 52 Week High: 1,208.50
  • 52 Week Low: 896.20
  • Currency: UK Pounds
  • Shares Issued: 874.37m
  • Volume: 1,819,421
  • Market Cap: £9,968m
  • RiskGrade: 173

Smith & Nephew H1 profits come in ahead of expectations

By Iain Gilbert

Date: Thursday 01 Aug 2024

LONDON (ShareCast) - (Sharecast News) - Medical equipment manufacturer Smith & Nephew said on Thursday that interim profits had come in ahead of market expectations, thanks in no small part to the company's 12-point turnaround plan.

Smith & Nephew said first-half revenues were up 4.3% at $2.8m, while operating profits rallied 19.5% to $328.0m and trading profits were almost 13% higher at $471.0m.

Cash generated from operations rose from $215.0m in H123 to $368.0m in H124 as S&N made marked improvements in trading cash flow conversion, rising to 60% from 26% at the same time a year earlier.

The FTSE 100-listed group credited much of its improved performance to its 12-point plan, which includes winning market share and fixing its orthopaedics division, as well as regaining momentum across its robotics, trauma, and knee and hip implant units.

Chief executive Deepak Nath said: "Today's results are further evidence of the good progress we are making transforming Smith & Nephew into a higher growth and more profitable business.

"The methods we employed in achieving these successes give me confidence that we will also turn around US hip and knee Implants and we expect to see a step up through the second half of the year."

As of 0900 BST, S&N shares were up 7.48% at 1,207.0p.











Reporting by Iain Gilbert at Sharecast.com

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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 1,140.00p
Change Today -11.00p
% Change -0.96 %
52 Week High 1,208.50
52 Week Low 896.20
Volume 1,819,421
Shares Issued 874.37m
Market Cap £9,968m
RiskGrade 173

Smith and Nephew Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
90.37% below the market average90.37% below the market average90.37% below the market average90.37% below the market average90.37% below the market average
48.57% above the sector average48.57% above the sector average48.57% above the sector average48.57% above the sector average48.57% above the sector average
Price Trend
58.93% above the market average58.93% above the market average58.93% above the market average58.93% above the market average58.93% above the market average
83.78% above the sector average83.78% above the sector average83.78% above the sector average83.78% above the sector average83.78% above the sector average
Income
41.55% below the market average41.55% below the market average41.55% below the market average41.55% below the market average41.55% 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
35.52% below the market average35.52% below the market average35.52% below the market average35.52% below the market average35.52% below the market average
88.89% below the sector average88.89% below the sector average88.89% below the sector average88.89% below the sector average88.89% below the sector average

What The Brokers Say

Strong Buy 6
Buy 4
Neutral 6
Sell 0
Strong Sell 1
Total 17
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
  Interim Final
Ex-Div 03-Oct-24 28-Mar-24
Paid 08-Nov-24 22-May-24
Amount 14.40¢ 23.10¢

Trades for 03-Oct-2024

Time Volume / Share Price
16:47 782 @ 1,142.42p
16:36 2,474 @ 1,140.00p
16:36 25,583 @ 1,140.00p
16:36 1,933 @ 1,140.00p
16:36 9,885 @ 1,140.00p

Smith and Nephew Key Personnel

CEO Deepak Nath
CFO John Rogers

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