ConvaTec Group PLC (CTEC.L)
23 Feb 2018
Thu, Feb 15 2018
* Supply disruption issues not as bad as feared -Bernstein (Recasts, adds share price reaction, CEO and analysts comment)
Feb 15 British medical devices firm ConvaTec said 2017 profit fell 3.3 percent, bogged down by supply issues at its top two divisions and lower sales from new products.
* 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
* GKN suffers broker downgrades (Adds detail, updates prices at close)
LONDON, Oct 16 Medical device firm Convatec was bruised in early deals after a profit warning, but failed to drag down the broader FTSE share index as mining companies cemented British stocks.
* Supply issues to hurt full-year revenue growth, margins (Adds share movement, analyst and company comments)