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Smith & Nephew (LSE:SN.) Achieves 5% Revenue Surge in FY24, Forecasts Similar Growth in 2025

Sat 05 Apr 25, 04:48 AM | Team Kalkine

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Highlights

Smith & Nephew PLC (LSE:SN.) is a medical technology company with a diverse portfolio. It specialises in the development, production, marketing, and sale of medical devices and related services.

Smith & Nephew's revenue for the financial year 2024 (FY24) increased by 4.7% year-over-year, reaching USD 5,810 million, compared to USD 5,549 million in FY23. This growth was driven by the company's 12-Point Plan, which helped improve performance despite challenges in the US Orthopaedics market and China’s VBP programmes. Key initiatives, such as improved product availability, portfolio simplification, and a significant reduction in overdue orders, were instrumental in driving the revenue boost. Additionally, one-third of global hip and knee brands were phased out, contributing to the overall growth.

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