February 8, 2018 / 7:13 AM / in 13 days

Smith & Nephew meets lower end of guidance range for 2017

LONDON, Feb 8 (Reuters) - Artificial hip and knee maker Smith & Nephew scraped into the bottom of its guidance range for 2017, with a 3 percent rise in revenue to $4.77 billion pounds and a 20 basis point increase in its trading margin, resulting in profit of $1.05 billion.

Chief Executive Olivier Bohuon, who plans to retire by the end of the year, said the company’s knees franchise performed well in the year.

Reporting by Paul Sandle; editing by Kate Holton

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