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Smith & Nephew counts costs of cancelled operations

Surgical equipment firm's results reflect the huge fall in routine procedures previously revealed by Investors' Chronicle
Smith & Nephew counts costs of cancelled operations

 

  • Sales dropped 11 per cent while profits plunged more than two thirds
  • The IC recently found that elective operations performed by NHS trusts nearly halved last year
1,522p

During the Covid-19 crisis, few will have paused to shed a tear for the woes of any FTSE 100 constituents, unless, of course, they hold shares in them. But the past year has been dire for the likes of medical equipment provider Smith & Nephew (SN.), which is counting its losses as hospitals cancel routine operations to deal with the pandemic.

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