Smith and Nephew PLC announce an interim dividend of 14.4¢ per share (28.8¢ per ADS), in line with 2020. This equates to 10.5p per share at prevailing exchange rates as of 23 July 2021. The interim dividend is payable on 27 October 2021 to shareholders whose names appear on the register at the close of business on 1 October 2021.
Other financial highlights:
H1 revenue of $2,599 million (2020: $2,035 million), up 27.8% on a reported basis and 21.3% on an underlying basis
Operating profit of $239 million (2020: operating loss of -$5 million)
Trading profit of $459 million (2020: $172 million). Trading profit margin of 17.6% (2020: 8.5%) reflects headwinds relative to pre-COVID levels from increased investment, negative leverage from fixed costs and higher logistics/freight costs
Significant contributions from recently launched products and acquired assets
Operational improvement programme across manufacturing, warehousing and distribution underway
Continuing to support employees with roll-out of flexible working programme
