Consolidation effort drives up Q4 profit margin for Smith & Nephew

02/6/2012 | Clinica (subscription required)

Smith & Nephew posted a 25.2% operating profit margin in the fourth quarter of 2011, beating the 24% forecast it made in November and up substantially from the Q3 trading margin of 19.8%. CEO Olivier Bohuon attributes the higher Q4 margins in large part to the firm's cost management efforts, including consolidating its endoscopy and orthopedics units.

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