Smith & Nephew: Initiation of Coverage- Its Pricing Strategy & Recent Revenue Growth Is Driving Our Optimism! 

Smith & Nephew’s recent financial results illustrate both advancements and challenges within the company as it navigates its strategic initiatives and market conditions. In 2024, the company demonstrated steady progress in executing its 12-point plan, aimed at improving operational efficiency, innovation, and market strength. The report indicates positive movement towards margin expansion and increased cash generation, with a reported growth of 8.3% in the fourth quarter, driven by solid regional performances, excluding China, which remained a significant headwind.