China Market ChallengesChina remained a headwind to the tune of 280bps on group underlying revenue growth as VBP impacts on Sports Med and reduced distributor inventory purchasing in Recon persisted.
Orthopedics Segment PerformanceOrtho segment ROIC still remains materially below SNN's other segments, while China headwinds continue to persist in multiple areas of the business.
Revenue GuidanceSNN posted a challenged Q as it missed revenue expectations, lowered its 2024 top line and margin guidance, and also lowered its 2025 margin guidance.