After a sluggish FY 14, S&N’s performance in H1 15 was more encouraging with results coming in line with market expectations. Revenue grew 2% yoy to $2.3bn (up 4% on an underlying basis) with a 9% currency headwind partially offsetting the 7% benefit from acquisitions (primarily ArthroCare). The Q2 underlying performance was a shade better at 5%, while reported growth stayed put at 2%. However, unlike the previous quarter, the second quarter growth was driven by an improved performa
23 Sep 2015
Pockets of strength but marred by currency headwinds
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Pockets of strength but marred by currency headwinds
Smith & Nephew plc (SN:LON) | 973 120.7 1.3% | Mkt Cap: 8,507m
- Published:
23 Sep 2015 -
Author:
Jyoti Prakash -
Pages:
3
After a sluggish FY 14, S&N’s performance in H1 15 was more encouraging with results coming in line with market expectations. Revenue grew 2% yoy to $2.3bn (up 4% on an underlying basis) with a 9% currency headwind partially offsetting the 7% benefit from acquisitions (primarily ArthroCare). The Q2 underlying performance was a shade better at 5%, while reported growth stayed put at 2%. However, unlike the previous quarter, the second quarter growth was driven by an improved performa