Full Year 2024 Smith & Nephew PLC Earnings Call Transcript - Thomson StreetEvents

Full Year 2024 Smith & Nephew PLC Earnings Call Transcript

Full Year 2024 Smith & Nephew PLC Earnings Call Transcript - Thomson StreetEvents
Full Year 2024 Smith & Nephew PLC Earnings Call Transcript
Published Feb 25, 2025
22 pages (15576 words) — Published Feb 25, 2025
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Abstract:

Edited Transcript of SN.L earnings conference call or presentation 25-Feb-25 8:30am GMT

  
Brief Excerpt:

...Good morning and welcome to the Smith & Nephew Q4 and full year 2024 Results Presentation. I'm Deepak Nath, I'm the Chief Executive Officer; and joining me is our Chief Financial Officer, John Rogers. Looking at our full year numbers, I'm pleased to be able to report that the 12-point plant is delivering financial outcomes. Our operational and commercial actions have combined with the high cadence of innovation to produce consistently higher growth than in the past. Margin expansion is beginning to follow driven by both operating leverage and productivity improvements, which are becoming more visible as macro headwinds ease. Better working capital discipline and asset utilization also means that our profitability is coming with higher cash generation. Overall, for 2024, we delivered 60 bps of margin expansion, 95% cash conversion which is ahead of our target and higher ROIC 1.4%. The fourth quarter was a good finish to the year with 8.3% underlying growth. Volumes were solid across most...

  
Report Type:

Transcript

Source:
Thomson StreetEvents
Company:
Nephew PLC
Ticker
SN.L
Time
8:30am GMT
Format:
PDF Adobe Acrobat
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The following is excerpted from the question-and-answer section of the transcript.

(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)

Question: Jack Reynolds-Clark - RBC Capital Markets - Analyst : Jack Reynolds Clark from RBC. I have three, please. First, on China. So what gives you the confidence that orthopedics is going to recover towards the end of Q1, how much visibility do you have into or on end market demand? And also on China, within sports, are you seeing volumes tick up as you had previously expected? Second question was just on US hips and knees. So could you just remind us at this point what gives you confidence that the geography will now grow in line with the market come the end of 2025? Just give a bit of confidence there. Then the final question is on R&D. So obviously, you said that R&D would tick up -- and I think there's been a bit of nervousness that R&D is being used perhaps to manage margins. Could you just give us a bit of confidence again that, that is not the case or it won't be the case in 2025?

Table Of Contents

Smith & Nephew PLC Capital Markets Day-New York Transcript – 2025-12-11 – US$ 54.00 – Edited Transcript of SN.L corporate analyst meeting</ 11-Dec-25 2:00pm GMT

Smith & Nephew PLC Capital Markets Day-London Transcript – 2025-12-08 – US$ 54.00 – Edited Transcript of SN.L corporate analyst meeting</ 8-Dec-25 1:00pm GMT

Q3 2025 Smith & Nephew PLC Trading Statement Call Transcript – 2025-11-06 – US$ 54.00 – Edited Transcript of SN.L sales update conference call or presentation 6-Nov-25 8:30am GMT

Half Year 2025 Smith & Nephew PLC Earnings Call Transcript – 2025-08-05 – US$ 54.00 – Edited Transcript of SN.L earnings conference call or presentation 5-Aug-25 7:30am GMT

Q1 2025 Smith & Nephew PLC Trading Statement Call Transcript – 2025-04-30 – US$ 54.00 – Edited Transcript of SN.L sales update conference call or presentation 30-Apr-25 7:30am GMT

Smith & Nephew PLC at JPMorgan Healthcare Conference Transcript – 2025-01-14 – US$ 54.00 – Edited Transcript of SN.L presentation 14-Jan-25 1:15am GMT

Q3 2024 Smith & Nephew PLC Trading Statement Call Transcript – 2024-10-31 – US$ 54.00 – Edited Transcript of SN.L sales update conference call or presentation 31-Oct-24 8:30am GMT

Q3 2023 Smith & Nephew PLC Trading Statement Call Transcript – 2023-11-02 – US$ 54.00 – Edited Transcript of SN.L sales update conference call or presentation 2-Nov-23 8:30am GMT

Half Year 2023 Smith & Nephew PLC Earnings Call Transcript – 2023-08-03 – US$ 54.00 – Edited Transcript of SN.L earnings conference call or presentation 3-Aug-23 7:30am GMT

Q1 2023 Smith & Nephew PLC Trading Statement Call Transcript – 2023-04-26 – US$ 54.00 – Edited Transcript of SN.L sales update conference call or presentation 26-Apr-23 7:30am GMT

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Cite this Report

  
MLA:
Thomson StreetEvents. "Full Year 2024 Smith & Nephew PLC Earnings Call Transcript" Feb 25, 2025. Alacra Store. Nov 06, 2026. <http://www.alacrastore.com/thomson-streetevents-transcripts/Full-Year-2024-Smith-Nephew-PLC-Earnings-Call-T16249052>
  
APA:
Thomson StreetEvents. (2025). Full Year 2024 Smith & Nephew PLC Earnings Call Transcript Feb 25, 2025. New York, NY: Alacra Store. Retrieved Nov 06, 2026 from <http://www.alacrastore.com/thomson-streetevents-transcripts/Full-Year-2024-Smith-Nephew-PLC-Earnings-Call-T16249052>
  
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