Smith & Nephew’s strong profits beat expectations
Smith & Nephew (S&N), the hips-and-knees
maker, posted higher profits in the final
quarter of last year after the replacement
joints market stabilized.
suffered during the recession, but started
to recover in the second half.
Traditional hip and knee ranges, like its
Legion knee, did well, particularly in the
US, while products designed for younger,
more active patients, such as the
bone-sparing Birmingham Hip Resurfacing
System, were weak.
Younger patients were more likely to put
off surgery than retirees because they did
not want to take time off work … Read the rest