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Investegate |Smith & Nephew Plc Announcements | Smith & Nephew Plc: Fourth Quarter and Full Year 2020 Results

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Full Year revenue $4,560 million, down -11.2% reported and -12.1% underlying
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Trading profit margin 15.0% reflected
lower gross margins, negative leverage from SG&A costs and increased R&D investment
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Operating profit margin of 6.5% included
restructuring costs related to efficiency programmes
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Cash generated from operations $972 million (2019: $1,370 million), trading cash flow $690 million (2019: $970 million),
trading profit to cash conversion ratio 101% (2019: 83%)
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Increased R&D investment, with recent product launches performing well
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Delivered acquisitions in extremities, ENT and ASC segments, securing new innovation to support sustainable growth
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Full Year 2020 dividend distribution of 37.5¢ per share, unchanged from 2019, reflecting confidence in
the business and strength ....

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