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SN. Smith & Nephew Plc

996.80
11.20 (1.14%)
03 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Smith & Nephew Plc LSE:SN. London Ordinary Share GB0009223206 ORD USD0.20
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  11.20 1.14% 996.80 999.60 1,000.50 1,006.00 984.20 985.00 2,555,392 16:35:10
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Ortho,prosth,surg Appl,suply 5.55B 263M 0.3011 33.20 8.73B

Smith & Nephew Warns of Revenue, Margin Hit for 2020

11/01/2021 7:51am

Dow Jones News


Smith & Nephew (LSE:SN.)
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By Sabela Ojea

 

Smith & Nephew PLC said Monday that underlying revenue fell 7% in the fourth quarter of the year and it expects a steeper decline in full-year revenue.

The FTSE 100-listed medical-technology said underlying revenue for 2020 is anticipated to fall by 12% compared with the prior year, adding that its trading profit margin will be significantly hit on a year-on-year basis.

The company also said that sales were negatively affected by increased rates of Covid-19 from mid-October onwards, particularly in the U.S. and Europe, where more procedures were postponed due to the reintroduction of restrictions.

 

Write to Sabela Ojea at sabela.ojea@wsj.com; @sabelaojeaguix

 

(END) Dow Jones Newswires

January 11, 2021 02:36 ET (07:36 GMT)

Copyright (c) 2021 Dow Jones & Company, Inc.

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