LONDON (dpa-AFX) - Smith+Nephew Plc (SN.L, SNN), on Wednesday, issued a
trading update for the first quarter and reported revenue growth of 2.9% on an
underlying basis.

First-quarter revenue amounted to $1.386 billion versus $1.356 billion last
year, up 2.9% on an underlying basis, and 2.2% on a reported basis including a
-70bps foreign exchange headwind.

Further, the company continues to project FY24 underlying revenue growth in the
range of 5.0% - 6.0%, and the trading profit margin is still expected to be at
least 18.0%.

Deepak Nath, Chief Executive Officer, said, 'Revenue growth in the first quarter
was driven by solid performance in our Orthopaedics and Sports Medicine & ENT
businesses, partially offset by some anticipated softness in Advanced Wound
Management. We are confident in our outlook and look forward to all three of our
business units contributing as we deliver another year of strong revenue
growth.'



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