Smith & Nephew H1 FY26 trading profit rises 8.1% to $566 million
Reuters2026/08/04 06:12- Smith & Nephew H1 trading profit rose 8.1% to $566 million.
- Adjusted EPS climbed 11.0% to 47.7.
- Underlying revenue growth was 1.6% in Q2, with softness in U.S. Orthopaedics and Advanced Wound Bioactives.
- Cut full-year revenue outlook, now expecting about 4.0% growth; maintained guidance for trading profit, free cash flow, ROIC.
- Added $50 million of 2026 savings to offset lower revenue growth; H1 trading cash conversion fell to 77%.
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