Smith & Nephew exits tough half year

The British medtech firm has downgraded its full-year expectations after getting off to a bad start in 2022, where Covid-19, a logistics crisis, and inflation have made marks.

Photo: Smith & Nephew / PR

Smith & Nephew has left behind a difficult first half of the year characterized by supply chain issues, which have led to disappointing results for the firm.

Moreover, continued high inflation -- meaning higher costs for the British medtech firm -- and ongoing supply issues have forced Smith & Nephew to downgrade its full-year expectation of an operating margin of ”around 17.5%.”

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