Medacta reports an increase in revenue in its 2022 half-year financial results

Smith & Nephew reports financial results for the second quarter of 2022

06 August 2022

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Medacta has announced 19% year-over-year revenue growth in its 2022 half-year financial results, according to a company press release.

The company reported unaudited revenue of €211.3 million in the first half of 2022, up 19% from €177.5 million in the first half of 2022.

“I am pleased with the revenue performance achieved during the half-year, despite persistent difficult conditions in some geographies,” Medacta CEO Francesco Siccardi said in the statement. “We will continue to prioritize our future growth through the execution of our strategy, while taking initiatives to mitigate the impacts of macroeconomic and geopolitical developments.”

According to the statement, Medacta has updated its guidance for the full year with expected revenue of 414 million euros for the full year, compared to 400 million euros in the original guidance.

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About the Author: Chaz Cutler

My name is Chasity. I love to follow the stock market and financial news!