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ConvaTec Group PLC (CTEC.L)

CTEC.L on London Stock Exchange

212.50GBp
20 Feb 2018
Change (% chg)

0.20 (+0.09%)
Prev Close
212.30
Open
213.20
Day's High
215.20
Day's Low
210.90
Volume
29,634
Avg. Vol
9,106,420
52-wk High
349.10
52-wk Low
181.40

Latest Key Developments (Source: Significant Developments)

Convatec Sees FY 2018 Organic Revenue Growth Of 2.5% - 3.0%
Thursday, 15 Feb 2018 02:00am EST 

Feb 15 (Reuters) - Convatec Group Plc ::FY ‍GROUP REPORTED REVENUE OF $1,764.6 MILLION GREW 4.5% YEAR ON YEAR, 4.1% 3 CER OR 2.3% 4 ORGANICALLY VERSUS. REVISED GUIDANCE OF 1% TO 2% ORGANIC REVENUE GROWTH​.FY ‍ADJUSTED GROSS MARGIN INCREASED 10 BPS, INCLUDING 80 BPS FOREIGN EXCHANGE BENEFIT​.FY ‍UNDERLYING 70 BPS DECLINE, IN-LINE WITH REVISED GUIDANCE​.FY ‍REPORTED OPERATING PROFIT $247.8 MILLION, 60.9% INCREASE YEAR ON YEAR​.FY ‍ADJUSTED OPERATING PROFIT $456.8 MILLION, 3.3% LOWER YEAR ON YEAR DUE TO INCREASED INVESTMENT IN GROWTH AND INCLUSION OF PLC COSTS​.FY ‍SUPPLY CONSTRAINTS PREVIOUSLY REPORTED IN ADVANCED WOUND CARE AND OSTOMY CARE NOW RESOLVED​.‍FULL YEAR DIVIDEND 5.7 CENTS​.‍SEES 2018 ORGANIC REVENUE GROWTH OF 2.5% - 3.0%​.‍SEES DECLINE IN EBIT MARGIN IN 2018 DUE TO DECISION TO INCREASE TARGETED INVESTMENT, DESPITE TEMPORARY SHORTFALL IN REVENUE GROWTH​.  Full Article

Convatec reports Q3 revenue of $445.5 mln, up 6.8 pct
Monday, 16 Oct 2017 02:00am EDT 

Oct 16 (Reuters) - Convatec Group Plc ::IN Q3, GROUP REVENUE WAS $445.5 MILLION, REFLECTING 6.8 PCT REPORTED GROWTH ON SAME PERIOD IN 2016​.PERFORMANCE IN Q3 SEVERELY IMPACTED BY SUPPLY ISSUES IN BOTH ADVANCED WOUND AND OSTOMY CARE.‍GROUP NOW ANTICIPATE FULL YEAR ORGANIC REVENUE GROWTH WILL BE BETWEEN 1% AND 2%​.‍SUPPLY ISSUES ARE EXPECTED TO RESULT IN LOSS OF 40 BPS OF MARGIN BENEFIT ACHIEVED AS A RESULT OF MIP PROGRAMME IN FIRST HALF OF YEAR​.  Full Article

Convatec says CFO Nigel Clerkin to leave​
Thursday, 3 Aug 2017 02:15am EDT 

Aug 3 (Reuters) - CONVATEC GROUP PLC ::‍NIGEL CLERKIN, CURRENT CFO, HAS DECIDED NOT TO RELOCATE HIS FAMILY FROM DUBLIN AND CONSEQUENTLY WILL LEAVE COMPANY​.‍EXPECTED THAT CLERKIN WILL CONTINUE IN HIS POSITION AS A DIRECTOR OF COMPANY AND CFO UNTIL 31 OCTOBER 2017​.‍APPOINTMENT OF FRANK SCHULKES AS CFO DESIGNATE, EFFECTIVE TODAY, BECOMING CFO ON 31 OCTOBER 2017​.  Full Article

CONVATEC confirms guidance for the full year
Thursday, 3 Aug 2017 02:15am EDT 

Aug 3 (Reuters) - CONVATEC GROUP PLC ::HY GROUP REPORTED REVENUE OF $831.3 MILLION GREW 0.3%.MARGIN IMPROVEMENT PROGRAMME ON TRACK FOR FULL YEAR GUIDANCE - 40 BASIS POINTS (BPS) PERFORMANCE BENEFIT IN H1.INAUGURAL INTERIM DIVIDEND OF 1.4 CENTS PER SHARE.GUIDANCE FOR FULL YEAR IS CONFIRMED, REVENUE GROWTH WEIGHTED TOWARDS SECOND HALF OF YEAR.CONTINUE TO EXPECT TO DELIVER AROUND HALF OF TARGETED C. 300 BPS ADJUSTED GROSS MARGIN IMPROVEMENT DURING 2017.CONTINUE TO EXPECT STRONGER REVENUE GROWTH IN SECOND HALF DRIVEN BY FOAM, SILVER, SURGICAL COVER DRESSINGS.  Full Article

Convatec to buy Woodbury from MTS Health Investors for 120.5 mln stg
Thursday, 20 Jul 2017 02:09am EDT 

July 20 (Reuters) - Convatec Group Plc :Has agreed to buy Woodbury Holdings for enterprise value of 120.5 million pounds.Buying Woodbury from MTS Health Investors.Acquisition will create a new home distribution business unit in the U.S. for catheter and incontinence related products.Earnings from Woodbury Holdings will be immediately accretive.  Full Article

Convatec raises 805 mln pounds through placing
Tuesday, 6 Jun 2017 02:00am EDT 

June 6 (Reuters) - Convatec Group Plc :‍nordic capital, avista sold aggregate of 250 million ordinary shares in convatec at 322 pence per share, raising gross proceeds of £805 million​.‍nordic capital and avista announce that they have elected to increase size of placing due to strong investor demand​.  Full Article

Bookrunner says deal upsized to 250 mln shares in ConvaTec placing
Monday, 5 Jun 2017 01:52pm EDT 

June 5 (Reuters) - :Bookrunner says deal upsized to 250 million shares, orders not at 322p risk missing.Bookrunner says books will close at 7.15pm UK time.  Full Article

Bookrunner says visibility on investor interest for c.90 pct of ConvaTec Placing
Monday, 5 Jun 2017 12:00pm EDT 

June 5 (Reuters) - Bookrunner::Bookrunner says visibility on potential investor interest for c.90 pct of the accelerated bookbuild deal, from limited market sounding exercise.Bookrunner says price guidance is with reference to market in accelerated bookbuild deal.  Full Article

Bookrunner says books covered in ConvaTec placing
Monday, 5 Jun 2017 12:00pm EDT 

June 5 (Reuters) - Bookrunner::Bookrunner says books covered, pricing guidance to come in ConvaTec accelerated bookbuild deal.  Full Article

ConvaTec Group announces a change on its executive committee
Monday, 3 Apr 2017 10:00am EDT 

ConvaTec Group Plc : Announces death of Mike Sgrignari, executive vice president, operations and member of executive committee of Convatec Group Plc .Robert Steele, executive vice president, quality, regulatory & clinical affairs will assume interim responsibility for operations function.  Full Article

UPDATE 2-Britain's ConvaTec beats low full-year expectations, shares rise

* Supply disruption issues not as bad as feared -Bernstein (Recasts, adds share price reaction, CEO and analysts comment)