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Home Industry News Smith and Nephew’s 2010 results ‘indicate long-term growth’

Smith and Nephew’s 2010 results ‘indicate long-term growth’

11th February 2011

Smith and Nephew has expressed confidence in its long-term growth prospects based on its positive performance during the last year.

Data from the medical technology firm's 2010 fiscal report shows that it was able to achieve four percent year-on-year underlying growth in reported revenue in the last 12 months, producing a total of $3.96 billion (2.47 billion pounds).

Over the course of the year, the company saw improved performance across all territories and divisions, with its advanced wound management unit outperforming the market and its endoscopy operations experiencing double-digit percentage growth.

David Illingworth, chief executive of Smith and Nephew, said this shows the company has achieved its target of improving its business efficiency, which was set four years ago.

He added: "By giving our customers the right product, at the right time, with the right value proposition, we will continue to deliver long-term growth."

The company also announced this week that Mr Illingworth will be retiring from the company later this year and will be succeeded in the chief executive role by Olivier Bohuon.ADNFCR-8000103-ID-800400731-ADNFCR

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