ConvaTec Announces Robust H1 2024 Growth
Company Announcements

ConvaTec Announces Robust H1 2024 Growth

ConvaTec (GB:CTEC) has released an update.

ConvaTec Group PLC reports a strong first half of 2024 with broad-based organic revenue growth of 6.6%, further strategic progress with new product launches, and improved profitability, including an 8.2% increase in adjusted operating profit and a significant boost in free cash flow to equity. The healthcare company also confirms its full-year guidance for 2024, expecting organic revenue growth in the upper half of the 5-7% range, and maintains confidence in achieving its medium-term targets, including margin expansion and double-digit growth in key financial metrics.

For further insights into GB:CTEC stock, check out TipRanks’ Stock Analysis page.

Related Articles
TipRanks UK Auto-Generated NewsdeskConvaTec Gains Increased Investment from Black Creek
TipRanks UK Auto-Generated NewsdeskConvaTec Group Announces Shift in Major Holdings
TipRanks UK Auto-Generated NewsdeskBlack Creek Ups Stake in ConvaTec Group
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App