Half Year Results 

ConvaTec planning hits margins again

ConvaTec planning hits margins again

ConvaTec (CTEC) grabbed headlines in June when it abruptly terminated a supply contract with Scapa, citing the company’s acquisition of a competitor breached their agreement. These half-year results indicate why the woundcare specialist is so keen to ditch laggard contracts. Adjusted operating margins fell to just 18.6 per cent, from 22.1 per cent last year and 25.2 per cent at the time of the IPO in September 2016.

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