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O'Donnell: better to come from Smith & Nephew in H2

This article was originally published in Clinica

Executive Summary

Smith & Nephew CEO Chris O'Donnell last week said that impressive first-half 2002 sales gain of 18% (including 4% from acquisitions) would be bettered in the second half on the strength of sound growth in its three core businesses. Endoscopy (sales rise 14%), orthopaedics (20%) and wound management (18%) all contributed to first- half sales of $551m ($827m). Analysts said the overall growth was 2% higher than consensus targets.

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