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Smith & Nephew Plc (SNN) Q3 2024 Earnings Conference Call Transcript Summary

Smith & Nephew Plc (SNN) Q3 2024 Earnings Conference Call Transcript Summary

史密夫与内修有限公司(SNN)2024年第三季度业绩会电话会议记录摘要
moomoo AI ·  11/02 21:05  · 电话会议

The following is a summary of the Smith & Nephew Plc (SNN) Q3 2024 Earnings Conference Call Transcript:

以下是Smith & Nephew Plc(SNN)2024年第三季度业绩会电话会议记录摘要:

Financial Performance:

财务表现:

  • Smith & Nephew reported Q3 revenue of $1.4 billion, marking a 4% underlying growth.

  • Projected annual underlying revenue growth revised to 4.5%, with an anticipated trading margin expansion of up to 50 basis points.

  • Smith & Nephew报告了第三季度营业收入为14亿美元,标志着基础增长率为4%。

  • 预计年度基础营收增长率修订为4.5%,预期交易利润率将扩张至50个基点。

Business Progress:

业务进展:

  • Under the 12-Point Plan, significant operational improvements have been noted, particularly in the U.S. Recon business which has grown due to improved product supply and commercial execution.

  • Implementation of robotics and innovation in orthopedics, such as the new CATALYSTEM in hips and advancements in the EVOS plating system, are enhancing Smith & Nephew's product portfolio.

  • Advanced Wound Management experienced its best growth quarter, driven by increased adoption across regions and categories.

  • 在12点计划下,显着的运营改进已经被注意到,特别是由于产品供应和商业执行的改善,美国Recon业务已经增长。

  • 实施了机器人技术和在骨科领域的创新,例如新的CAELSTEm髋关节产品和EVOS骨板系统的进步,正在增强Smith & Nephew的产品组合。

  • 爱文思控股的高级伤口管理业务经历了其最佳增长季度,受到各地区和类别采用增加的推动。

Opportunities:

机会:

  • Growth momentum in established markets expected to continue with operational improvements and product innovations.

  • Advanced robotics and innovative products like CATALYSTEM hip systems and the EVOS plating system represent key growth drivers.

  • 在成熟市场中,预计增长势头将继续,通过运营改进和产品创新。

  • 爱文思控股和CATALYSTEm髋部系统等创新产品代表关键的增长驱动力。

Risks:

风险:

  • Projected slower growth from the Sports Medicine Volume-Based Procurement (VBP) in China, along with delayed benefits from expected volume increases, likely contributing more to margin pressure in 2025.

  • Persistent underperformance and low order expectations in China's recon business impacting near-term growth prospects.

  • 预计中国体育医学成交量采购(VBP)的增长将放缓,加上预期成交量增加带来的效益延迟,可能更多地导致2025年利润压力。

  • 中国的重建业务持续表现不佳和订单预期偏低,影响近期增长前景。

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