ConvaTec Group Plc Reports Earnings Results for the Half Year Ended June 30, 2022
August 04, 2022 at 11:30 am IST
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ConvaTec Group Plc reported earnings results for the half year ended June 30, 2022. For the half year, the company reported sales was USD 1,044.5 million compared to USD 1,008 million a year ago. Net income was USD 48.3 million compared to USD 85.8 million a year ago. Basic earnings per share from continuing operations was USD 0.024 compared to USD 0.043 a year ago. Diluted earnings per share from continuing operations was USD 0.024 compared to USD 0.042 a year ago.
ConvaTec Group Plc specializes in the development, manufacturing and marketing of medical devices and products for ostomy care, wound care, incontinence and critical care. The group also offers perfusion devices. Net sales break down by area of activity as follows:
- wound care (29.9%): antimicrobial dressings, occlusive dressings, compression bandages, etc.;
- incontinence and critical care (26.4%);
- ostomy care (25.2%): skin barriers, one-piece bags, 2-piece appliance bags, urostomy bags, etc.;
- infusion (18.5%).
At the end of 2022, the group operated 9 production sites worldwide.
Net sales are distributed geographically as follows: Europe/Middle East/Africa (33.2%), Americas (52.6%) and Asia/Pacific (14.2%).