Medtech Insight is part of the Business Intelligence Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC’s registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call +44 (0) 20 3377 3183

Printed By

UsernamePublicRestriction
UsernamePublicRestriction

Smith and Nephew streamlines operations to save $57 million

This article was originally published in Clinica

Executive Summary

Smith & Nephew is to restructure its operations into three main global businesses in a bid to reduce costs by £35 million ($57 million) annually by 2002. In addition, the UK-based company plans to boost investment in these three businesses - orthopaedics, endoscopy and woundcare - while improving the profitability and cash flow of its remaining interests, which will also operate on a global basis. S&N aims to achieve an operating margin of 17% (a 3% increase) by 2001 and "high single-digit" earnings per share growth from 1999 onwards. Some 1,000 jobs will be cut - just under one-tenth of the total workforce.

Advertisement

Topics

Advertisement
UsernamePublicRestriction

Register

MT082792

Ask The Analyst

Please Note: You can also Click below Link for Ask the Analyst
Ask The Analyst

Your question has been successfully sent to the email address below and we will get back as soon as possible. my@email.address.

All fields are required.

Please make sure all fields are completed.

Please make sure you have filled out all fields

Please make sure you have filled out all fields

Please enter a valid e-mail address

Please enter a valid Phone Number

Ask your question to our analysts

Cancel