Smith & Nephew plc interim dividend has been announce at 14.4¢ per share (28.8¢ per ADS), in line with 2023. This dividend is payable on 8 November 2024 to shareholders whose names appear on the register at the close of business on 4 October 2024.
Other financial highlights include:
H1 revenue of $2,827 million (H1 2023: $2,734 million), up 4.3% (3.4% on a reported basis including -90bps FX headwind)
Operating profit of $328 million (H1 2023: $275 million), up 19.5% reported
Trading profit up 12.8% to $471 million (H1 2023: $417 million)
Trading profit margin expansion to 16.7% (H1 2023: 15.3%), around the top of their guided range, reflecting positive operating leverage and 12-Point Plan benefits
Cash generated from operations $368 million (H1 2023: $215 million)
Significant improvement in trading cash flow conversion at 60% (H1 2023: 26%), trading cash flow increased to $284 million (H1 2023: $110 million)
Adjusted earnings per share ('EPSA') up 7.7% to 37.6¢ (H1 2023: 34.9¢). Basic earnings per share ('EPS') was 24.5¢ (H1 2023: 19.7¢)
