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Smith & Nephew reports a 55% profit increase to $657M for Q4 2024, citing new products and cost controls.
Smith & Nephew, a medical tech company specializing in hip and knee replacements, reported a 55% profit increase to $657 million in the last quarter of 2024, with revenues up 7.8%.
CEO Deepak Nath credits productivity improvements and disciplined spending for the turnaround.
Over 60% of revenue growth came from recent product launches, and the company expects a 5% revenue increase in 2025 with higher margins.
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Smith & Nephew reporta un aumento del 55% de ganancias a $657M para el Q4 2024, citando nuevos productos y controles de costos.