Investegate |Smith & Nephew Plc Announcements | Smith & Nephew Plc: Fourth Quarter and Full Year 2020 Results
· Full Year revenue $4,560 million, down -11.2% reported and -12.1% underlying · Trading profit margin 15.0% reflected lower gross margins, negative leverage from SG&A costs and increased R&D investment · Operating profit margin of 6.5% included restructuring costs related to efficiency programmes · Cash generated from operations $972 million (2019: $1,370 million), trading cash flow $690 million (2019: $970 million), trading profit to cash conversion ratio 101% (2019: 83%) · Increased R&D investment, w...
Source: investegate.co.uk