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Smith & Nephew Plc Management Discusses Q3 2011 Results - Earnings Call Transcript

Smith & Nephew plc (SNN)

Q3 2011 Earnings Call

November 04, 2011 4:30 am ET

Executives

Olivier Bohuon - Chief Executive officer, Director and Chairman of Disclosures Committee

Adrian Hennah - Chief Financial Officer, Executive Director, Member of Disclosures Committee and Member of Risk Committee

Analysts

David Adlington - JP Morgan Chase & Co, Research Division

Matthew S. Miksic - Piper Jaffray Companies, Research Division

Martin Wales - UBS Investment Bank, Research Division

Veronika Dubajova - Goldman Sachs Group Inc., Research Division

Ingeborg Øie - Jefferies & Company, Inc., Research Division

Ed Ridley-Day - Lehman Brothers

Charles Weston - Numis Securities Ltd., Research Division

Lisa Bedell Clive - Sanford C. Bernstein & Co., LLC., Research Division

Michael K. Jungling - Morgan Stanley, Research Division

Thomas M. Jones - Berenberg Bank, Research Division

Presentation

Olivier Bohuon

Good morning, everyone. I'm Olivier Bohuon, and I'm the Chief Executive Officer of Smith & Nephew, and I welcome you to our third quarter results presentation. I will speak about our results for the third quarter and then hand over to Adrian to take you through the numbers. When Adrian is finished, I will come back and get you on the progress we are making against our new strategic priorities and the programs we are issuing to generate efficiencies and revert resources for investment to drive such growth. As usual, we'll take questions at the end of the formal presentation.

The trending environment in the established market continues to be difficult. Despite these, Smith & Nephew has another strong quarter of revenue growth, and regained market share in many of our product franchises and geographies.

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