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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Ten-Month ConvaTec Group PLC Trading Statement Call Transcript

Nov 14, 2023 / 08:30AM GMT
Release Date Price: £2.19 (+5.38%)
Operator

Good day, and welcome to the ConvaTec Conference Call. At this time, I'd like to turn the conference over to Jonny Mason, who's our CFO. Jonny, please go ahead.

Jonathan Peter Mason
ConvaTec Group PLC - Group CFO & Director

Thanks very much, and good morning, everybody. Welcome, as Scott said to our trading update for the 10 months year-to-date. I'm going to make a few opening remarks, and then we'll be happy to take any questions that you may have.

The strong performance seen in the first half of this year continued, and we're very pleased with the progress on executing our FISBE strategy. This performance was further confirmation that ConvaTec has pivoted over recent years to a higher level of organic sales growth. For this year, we're on track to deliver the higher growth, which we guided to -- at the half year. And today, we're narrowing that range towards the upper end, reflecting the strong delivery to date, and the shorter period of the year still to go.

We're also on track to deliver expanded operating margin this year of at

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