Smith & Nephew reported a marginal miss in Q4/FY21 with expected growth trends. The board recommended a final dividend of 23.1c/share and proposed an annual share buy-back programme (worth $250-300m in 2022).
FY 22 growth is expected to be 4-5% with a 50bp expansion in the trading margin vs 2021.
In addition, the firm announced a change in leadership with Deepak Nath replacing Roland Diggelmann as CEO from 1 April 2021.
We will trim our expectations.
25 Feb 2022
Future looks bright in spite of marginal Q4 21 miss
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Future looks bright in spite of marginal Q4 21 miss
Smith & Nephew plc (SN:LON) | 973 120.7 1.3% | Mkt Cap: 8,507m
- Published:
25 Feb 2022 -
Author:
Virendra Chauhan -
Pages:
3
Smith & Nephew reported a marginal miss in Q4/FY21 with expected growth trends. The board recommended a final dividend of 23.1c/share and proposed an annual share buy-back programme (worth $250-300m in 2022).
FY 22 growth is expected to be 4-5% with a 50bp expansion in the trading margin vs 2021.
In addition, the firm announced a change in leadership with Deepak Nath replacing Roland Diggelmann as CEO from 1 April 2021.
We will trim our expectations.