Convatec Group PLC (CTEC.L,CNVVY), a medical products and technologies company, Tuesday reported lower profit in fiscal 2025, despite higher revenues. Further, the firm lifted dividend, maintained fiscal 2026 adjusted earnings and organic growth view, as well as lifted medium term target.
In the full year, profit before income taxes dropped to $230 million from last year's $246 million. Earnings per share fell 7.1 percent to 8.6 cents from 9.3 cents a year ago.
Adjusted pre-tax profit was $471 million, compared to $411 million last year. Adjusted earnings per share were 17.6 cents, compared to 15.2 cents last year.
Revenue for the year grew 6.5 percent to $2.44 billion from $2.29 billion in the prior year. Revenues grew 5.0 percent in constant currency. Organic revenue excluding InnovaMatrix was up 6.4 percent.
Further, the Board recommended a final dividend of 5.367 cents, resulting in a full year dividend of 7.244 cents, an increase of 13 percent year-over-year. Looking ahead for fiscal 2026, the company continues to project another year of double-digit adjusted earnings per share growth, and group organic revenue growth excluding InnovaMatrix of 5 percent-7 percent, with growth weighted to second half.
Further, the company expects adjusted Group operating margin of in line or above 23 percent.
Further ahead for the medium term, the company lifted organic revenue growth target to 6 percent to 8 percent from 2027, from previously expected 5 percent to 7 percent.
The company also projects sustainable double-digit adjusted annual earnings per share growth and mid-20s percent, I.e, 24 percent -26 percent adjusted operating margin by 2027
For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com.
For comments and feedback contact: editorial@rttnews.com
Business News
April 17, 2026 15:29 ET The ongoing conflict in the Middle East continues to raise concerns for policymakers who worry about the impact of the supply shock and high energy prices on the real economy. Producer price data and various survey results on the housing market were the main news from the U.S. this week. In Europe, industrial production data for the euro area gained attention. GDP figures out of China and the policy move by the Singapore central bank were in focus in Asia.