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Smith & Nephew posts 3 pct higher first-quarter revenue

Reuters - UK Focus

LONDON, April 30 (Reuters) - Smith & Nephew (LSE: SN.L - news) , Europe's largest maker of artificial knees and hips, posted a 3 percent underlying rise in revenue for the first quarter, helped by strong growth in sports medicine joint repair and increased trade in emerging markets.

The company posted revenue of $1.1 billion, in line with market expectations according to a company-provided consensus, and said on Thursday it was on track to make further progress during the year.

Smith & Nephew said in February it expected revenue growth this year to exceed the 2 percent recorded in 2014, with a further improvement in profit margins. (Reporting by Paul Sandle; editing by Sarah Young)