ConvaTec Group PLC (LSE:CTEC)
£ 2.366 -0.018 (-0.76%) Market Cap: 4.84 Bil Enterprise Value: 5.88 Bil PE Ratio: 42.21 PB Ratio: 3.84 GF Score: 74/100
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Q3 2020 ConvaTec Group PLC Trading Statement Call Transcript

Oct 30, 2020 / 09:00AM GMT
Release Date Price: £1.81 (-3.83%)
Karim Bitar
Convatec Group Plc - CEO & Director

Good morning. Thank you for joining us on the call today. I'm going to share with you some insight into the strategic and operational progress we've made. Thereafter, I'm going to hand over to Frank, our CFO, who will take you through Q3 trading as well as the revised guidance we are announcing this morning.

In summary, what I'd like to do is to really highlight to you 4 key points. First, we have set a clear direction of travel with our FISBE corporate strategy, and this clarity has been well received by our organization. Second, we are successfully embedding our new operating model, which is delivering better line of sight to our customers and improving accountability. Thirdly, we're improving execution by our transformation execution office with initiatives in R&D and quality and operations as well as in our customer supporting and customer facing functions. Finally, we are tightening our guidance for the top line and revising our EBIT margin guidance, given a better-than-expected Q3 performance and following a review of the phasing of

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