*FY 15 slightly above expectations* Smith & Nephew closed FY 15 on a strong foot, with both revenue and core operating profit coming in slightly ahead of ours as well as consensus estimates. Q4 15 revenue came in at $1,257m, c.3% higher than our estimate. Reported growth of 1% yoy represented underlying growth of 5%, with an acquisition impact of 2% and forex headwinds of 6%. The recovery in (all revenue growth rates are on an underlying basis unless specified otherwise) sports medicine j
19 Feb 2016
Strong quarter across all businesses, though China's woes continue
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Strong quarter across all businesses, though China's woes continue
Smith & Nephew plc (SN:LON) | 964 -48.2 (-0.5%) | Mkt Cap: 8,430m
- Published:
19 Feb 2016 -
Author:
Jyoti Prakash -
Pages:
3
*FY 15 slightly above expectations* Smith & Nephew closed FY 15 on a strong foot, with both revenue and core operating profit coming in slightly ahead of ours as well as consensus estimates. Q4 15 revenue came in at $1,257m, c.3% higher than our estimate. Reported growth of 1% yoy represented underlying growth of 5%, with an acquisition impact of 2% and forex headwinds of 6%. The recovery in (all revenue growth rates are on an underlying basis unless specified otherwise) sports medicine j