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Home Industry News Smith and Nephew continues recent growth in third quarter of 2017

Smith and Nephew continues recent growth in third quarter of 2017

3rd November 2017

Smith and Nephew has announced its financial results for the third quarter of 2017, during which it generated a revenue total of $1.15 billion (879.31 million pounds).

This represented a three percent year-on-year growth on both a reported and underlying basis, with a particularly strong improvement seen in emerging markets.

Its reconstruction revenue was up by four per cent, continuing its strong, market-beating performance, while its hip implants business returned to growth and its advanced wound management revenue ticked up by two percent.

For the full year, Smith and Nephew expects results to come in at the lower end of its guidance range, with performance to be bolstered by recent efficiency improvement efforts and the acquisition of Rotation Medical.

Olivier Bohuon, chief executive officer of Smith and Nephew – who will be retiring from the business before the end of 2018 – said: "I am as determined as ever to keep pushing for further success, and to leave Smith and Nephew an even better company."

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