Business
Re-presented Historical Quarterly Revenue Analysis
Re-presented Historical Quarterly Revenue Analysis.
About this update from Smith & Nephew Plc
[{"type":"text","content":"\n \nRNS Number : 7943T Smith & Nephew Plc 25 March 2019 \n\n \nRe-presented Historical Quarterly Revenue Analysis\n25 March 2019\n \nSmith & Nephew plc (LSE:SN, NYSE:SNN) has updated its revenue reporting in line with its previously announced new commercial structure.\nFrom 1 January 2019 the Group will report quarterly revenue for three global franchises of Orthopaedics, Sports Medicine & ENT, and Advanced Wound Management, replacing the previous franchise structure. The Group's revenue reporting by geography is unchanged.\nIncluded within Orthopaedics are the following businesses: \n· Knee Implants\n· Hip Implants\n· Other Reconstruction, including capital sales from robotics and cement (Other Reconstruction was previously reported within Other Surgical Businesses)\n· Trauma (including certain extremities products)\n \nIncluded within Sports Medicine & ENT are the following businesses:\n· Sports Medicine Joint Repair (including certain extremities products for joint repair previously reported within Trauma & Extremities)\n· Arthroscopic Enabling Technologies\n· ENT (ENT was previously reported within Other Surgical Businesses)\n \nAdvanced Wound Management is unchanged, and includes the following businesses:\n· Advanced Wound Care\n· Advanced Wound Bioactives\n· Advanced Wound Devices\n \nReporting by geography is unchanged, as follows:\n· US\n· Other Established Markets (Australia, Canada, Europe, Japan and New Zealand)\n· Emerging Markets\n \nThe updated reporting approach is in line with International Financial Reporting Standard (IFRS) 8 Operating Segments that require companies' segment reporting to reflect the way in which performance is monitored, operating decisions are made and resources are allocated.\n \nIn order to assist future comparability with historical data, Smith & Nephew has set out below quarterly and full year revenue under the new structure for 2018 and 2017. There has been no change in total revenue for any period presented.&nb...