Full Year Results 

Underappreciated potential at Smith & Nephew

Underappreciated potential at Smith & Nephew

A return to underlying profit growth is what investors were looking for in Smith & Nephew’s (SN.) final results, and to a large extent the company delivered. After six consecutive years of declines, adjusted operating profits rose 3 per cent to $1.05bn (£751m), which fed through to a 14 per cent rise in adjusted earnings – although the improvement was largely thanks to a big fall in tax payments, courtesy of President Trump.

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