Full Year 2024 Smith & Nephew PLC Earnings Call Transcript

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Feb 25, 2025

Feb 25, 2025 / 08:30AM GMT
Deepak Nath - Smith & Nephew PLC - Chief Executive Officer, Executive Director

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 (Trades, Portfolio).

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

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