Full Year 2022 Smith & Nephew PLC Earnings Call Transcript

Feb 21, 2023 / 08:30AM GMT
Deepak S. Nath - Smith & Nephew plc - CEO & Director

So good morning, and welcome to the Smith & Nephew Full Year 2022 Results Presentation. I'm Deepak Nath, Chief Executive Officer. And joining me is Anne-Francoise Nesmes, who is the CFO of the company.

So I'm pleased to report a good finish to 2022. Underlying growth rate accelerated versus the first 9 months with all of our franchises contributing. We've continued to outperform in sports and wound management, which generate together 60% of group sales. We're still early in our work to fix orthopaedics. And although growth improved there, too, it will take some time for us to get to where we want to be.

The company is well positioned going into 2023, and we're transforming the way we're operating Smith & Nephew through our 12-point plan, driving greater rigor and execution as we deliver our strategy for growth. Delivery of the 12-point plan is progressing, and our KPIs are already moving in the right direction, and I'll share some of that data with you later.

But with improving operations and a good exit to

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