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S&N sees a decline Birmingham hip implant business.

S&N sees a decline Birmingham hip implant business

02/08/2012

Smith & Nephew has said concerns over hip replacement operations are continuing to affect its business, reports http://www.thebusinessdesk.com.

In an interims results statement, the company said its Birmingham hip implant business remained tainted by fears following the problems associated with metal-on-metal replacement operations.” Our Hip Implant franchise continued to feel the effects of negative commentary in the metal-on-metal total hip replacement sector, with the decline in sales of our Birmingham Hip Resurfacing System increasing quarter on quarter, despite its excellent clinical record.

Revenue across the franchise was down -5%, against a market up 2%.”

Reported trading profit for the six month period was $486 m (£310 m), compared with $477 m for the same period last year. 

In outlook, the company said, “We are performing in line with our expectations and our guidance for the full year, provided in February 2012, is unchanged.  Emerging market economies have continued to perform strongly and the US is showing some signs of stabilisation, although we are not immune to the impacts of the macroeconomic uncertainties and continuing challenging economic environment across Europe.”

Olivier Bohuon, Smith & Nephew CEO, said the business continued to generate top-line growth and had delivered an improved trading profit margin.

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