SMITH & NEPHEW’S bullish targets today kept its shares on the front foot as investors looked beyond weaker 2022 results from the knee and hip implant maker.
The 5% rally for shares at the top of the FTSE 100 index came as chief executive Deepak Nath pledged to create a “consistently higher growth company”, with profit margin expansion to at least 20% by 2025.
This figure slowed to 17.3% in today’s results as trading profits fell to $901 million (£746 million), but Nath expects at least 17.5% this year amid continued market share growth in sports medicine and advanced wound management.
Diese Geschichte stammt aus der February 21, 2023-Ausgabe von Evening Standard.
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Diese Geschichte stammt aus der February 21, 2023-Ausgabe von Evening Standard.
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