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BRIEF-Convatec reports Q3 revenue of $445.5 mln, up 6.8 pct
October 16, 2017 / 6:16 AM / a month ago

BRIEF-Convatec reports Q3 revenue of $445.5 mln, up 6.8 pct

Oct 16 (Reuters) - Convatec Group Plc:

* IN Q3, GROUP REVENUE WAS $445.5 MILLION, REFLECTING 6.8 PCT REPORTED GROWTH ON SAME PERIOD IN 2016​

* PERFORMANCE IN Q3 SEVERELY IMPACTED BY SUPPLY ISSUES IN BOTH ADVANCED WOUND AND OSTOMY CARE

* ‍GROUP NOW ANTICIPATE FULL YEAR ORGANIC REVENUE GROWTH WILL BE BETWEEN 1% AND 2%​

* ‍SUPPLY ISSUES ARE EXPECTED TO RESULT IN LOSS OF 40 BPS OF MARGIN BENEFIT ACHIEVED AS A RESULT OF MIP PROGRAMME IN FIRST HALF OF YEAR​ Source text for Eikon: Further company coverage:

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