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Home Industry News Smith and Nephew reports year-on-year growth in Q2 2013

Smith and Nephew reports year-on-year growth in Q2 2013

2nd August 2013

Smith and Nephew has achieved continued growth in the second quarter of 2013, according to the firm's latest financial report.

The medical technology firm generated revenues of $1.07 billion (708.91 million pounds) during the quarter, representing an underlying year-on-year sales improvement of three percent, while its trading profit came to $232 million.

Its advanced wound management division strongly outperformed the market, driven by its bioactives and negative pressure wound therapy offerings, while the advanced surgical devices division delivered a good quarter in sports medicine joint repair.

The company also experienced continued strong double-digit growth in emerging and international markets, a trend that will be bolstered by a recent deal to acquire assets related to the distribution of its orthopaedic reconstruction, trauma and sports medicine products in Turkey, currently conducted through Plato Grup.

Olivier Bohuon, chief executive officer of Smith and Nephew, said: "The ongoing implementation of our strategic priorities underpinned our performance in the quarter … We are confident that our actions are reshaping the group for further success."ADNFCR-8000103-ID-801628209-ADNFCR

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