Smith & Nephew Q4 Revenue Up 8.3% to $1.7B, Profits Jump 15.5%
Smith & Nephew's Q4 revenue rose 8.3% to $1.7 billion (6.2% underlying), driving full-year sales up 6.1% to $6.2 billion on 5.3% organic growth. Operating profit jumped 20.7% to $794 million and trading profit climbed 15.5% to $1.2 billion as margins expanded to 19.7%, with management targeting ~6% revenue and ~8% profit growth in 2026.
1. Q4 and Full-Year Results
Smith & Nephew's fourth quarter revenue rose 8.3% to $1.7 billion (6.2% underlying), driving full-year sales up 6.1% to $6.2 billion on 5.3% organic growth.
2. Profit and Margin Expansion
Operating profit climbed 20.7% to $794 million, while trading profit increased 15.5% to $1.2 billion, lifting trading margins to 19.7% from 18.1%.
3. 2026 Guidance
For the 2026 financial year, management forecasts underlying revenue growth of around 6% and organic trading profit growth of around 8%, with projections slightly diluted by a recent acquisition.