Final Results.
Q4 Highlights
· Revenue $1,106 million, up 4% on a reported and 3% on an underlying basis
· Trading profit was $279 million
· Trading profit margin of 25.2%, exceeding Q4 expectation of 24%
· Orthopaedics delivered significant improvement in profitability quarter-on-quarter
· Endoscopy delivered good revenue growth and excellent trading profit margin
· Advanced Wound Management grew at more than twice the market rate
· EPSA was up at 21.9¢
· Proposed final dividend up 10% to 10.8 cents per share
Full Year Commentary
· Reported revenue of $4,270 million, up 8% on a reported and 4% on an underlying basis
· Reported trading profit was $961 million
· Trading margin 22.5%
· EPSA increased 1.2% to 74.5¢
· Strong cash generation, net debt reduced by $354 million to $138 million