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United Kingdom

ConvaTec Group PLC (CTEC.L)

CTEC.L on London Stock Exchange

142.25GBp
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Change (% chg)

0.25 (+0.18%)
Prev Close
142.00
Open
142.15
Day's High
143.40
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141.20
Volume
2,543,651
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6,382,523
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240.50
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113.25

Latest Key Developments (Source: Significant Developments)

Scapa Group Says CEO Heejae Chae Retracts His Intention To Step Down
Monday, 10 Jun 2019 

June 10 (Reuters) - Scapa Group PLC ::SCAPA GROUP PLC - HEEJAE CHAE HAS AGREED TO RETRACT HIS INTENTION TO STEP DOWN AND WILL REMAIN AS GROUP CHIEF EXECUTIVE OF COMPANY.SCAPA GROUP PLC - CONTINUES TO PREPARE ITS RESPONSE AND PURSUE ALL APPROPRIATE RIGHTS AND REMEDIES AGAINST CONVATEC INC..SCAPA GROUP PLC - TAKEN STEPS TO REDUCE ESTIMATED IMPACT ON REVENUES AND TRADING PROFIT IN FY20.SCAPA GROUP - REFUTE THAT CONVATEC HAS ANY LEGITIMATE GROUNDS TO TERMINATE MASTER SUPPLY AGREEMENT WITH SCAPA TAPES NORTH AMERICA LLC.SCAPA GROUP PLC - ESTIMATED EXPOSURE TO REVENUE AND TRADING PROFIT IN FY20 COULD BE C£28.0M AND C.£13.0M, RESPECTIVELY..SCAPA GROUP PLC - WILL CONTINUE TO ASSESS FURTHER REVENUE OPPORTUNITIES AS WELL AS REVIEWING ITS ONGOING COST BASE..  Full Article

Convatec Q1 Rev Dips, Affirms FY Forecast
Friday, 3 May 2019 

May 3 (Reuters) - ConvaTec Group PLC ::CONVATEC Q1 TRADING UPDATE.FY2019 GUIDANCE UNCHANGED.TRADING IN Q1 WAS IN-LINE WITH EXPECTATIONS, WHICH REFLECT CHALLENGES WE OUTLINED AT OUR FULL YEAR RESULTS IN FEBRUARY.REVISED ACCOUNTING METHODOLOGY TO ESTIMATE EXPECTED DISCOUNT CLAIMS BY DISTRIBUTORS IN US.GROUP REVENUE OF $430.6 MILLION INCLUDED AN ADDITIONAL ONE-OFF PROVISION IN QUARTER OF $8.9 MILLION.ACCOUNTING METHODOLOGY THIS RESULTED IN ADDITIONAL ONE-OFF PROVISION OF $8.9 MILLION , WHICH REDUCED Q1 GROUP REVENUE GROWTH BY 190 BPS.IN UK DESPITE STOCKING INITIATED BY NHS IN PREPARATION FOR BREXIT, CONTINUED TO SEE NEGATIVE YEAR ON YEAR CHANNEL INVENTORY MOVEMENTS IN Q1.IN INFUSION DEVICES HIGHER THAN ANTICIPATED CUSTOMER ORDERS IN QUARTER RESULTED IN GOOD PERFORMANCE VERSUS STRONG PRIOR YEAR COMPARATOR.CONTINUE TO SEE CHALLENGING MARKET DYNAMICS IN UK.HAVE MADE GOOD PROGRESS WITH OUR TRANSFORMATION INITIATIVE, ANNOUNCED IN FEBRUARY.  Full Article

Convatec Group Appoints Genus Plc's Karim Bitar As CEO
Monday, 25 Mar 2019 

March 25 (Reuters) - ConvaTec Group PLC ::CONVATEC GROUP PLC - APPOINTS KARIM BITAR AS CHIEF EXECUTIVE OFFICER.  Full Article

Genus Plc Says CEO Stepping Down, To Take Top Job At Convatec
Monday, 25 Mar 2019 

March 25 (Reuters) - Genus PLC ::GENUS - GENUS CHIEF EXECUTIVE TRANSITION.GENUS PLC - KARIM BITAR, CHIEF EXECUTIVE OFFICER, WILL BE STEPPING DOWN FROM BOARD FROM 16 SEPTEMBER 2019.GENUS PLC - COMMENCED A SEARCH TO IDENTIFY BITAR'S SUCCESSOR.GENUS PLC - BITAR WILL BE TAKING CHIEF EXECUTIVE OFFICER POSITION AT CONVATEC GROUP PLC FROM 30 SEPTEMBER 2019.  Full Article

Convatec Will Appoint New CEO, Announce Exit Of Chris Gent As Chairman - Sky News
Sunday, 24 Mar 2019 

March 24 (Reuters) - :CONVATEC WILL APPOINT A NEW CEO AND ANNOUNCE EXIT OF CITY VETERAN CHRIS GENT AS CHAIRMAN - SKY NEWS.CONVATEC WILL SAY THAT KARIM BITAR, CURRENTLY CHIEF EXECUTIVE OF GENUS‎, WILL JOIN IT IN AS CEO - SKY NEWS.  Full Article

ConvaTec Receives FDA 510(K) Clearance For Avelle
Friday, 26 Oct 2018 

Oct 26 (Reuters) - ConvaTec Group PLC ::CONVATEC RECEIVES FDA 510(K) CLEARANCE FOR AVELLE.AVELLE NPWT SYSTEM CAN BE USED ON A BROAD RANGE OF LOW- TO MODERATELY-EXUDING WOUND TYPES.  Full Article

Artisan Partners Limited Partnership Discloses 5.03 Pct Stake In Convatec Group - Filing
Thursday, 13 Sep 2018 

Sept 13 (Reuters) - ConvaTec Group PLC ::ARTISAN PARTNERS LIMITED PARTNERSHIP DISCLOSES 5.03 PERCENT STAKE IN CONVATEC GROUP - FILING.  Full Article

Convatec Says Acquired J&R Medical LLC
Friday, 2 Mar 2018 

March 2 (Reuters) - Convatec Group Plc ::‍CHANGES WITHIN U.S. HOME DISTRIBUTION GROUP​.‍ANNOUNCES ACQUISITION OF J&R MEDICAL LLC​.‍CONVATEC HAS DIVESTED ITS RESPIRATORY DELIVERY BUSINESS IN ARIZONA AND UTAH​.‍NET FINANCIAL IMPACT TO CONVATEC OF DEAL AND DIVESTMENT TRANSACTIONS IS POSITIVE IN BOTH REVENUE AND EBITDA​.  Full Article

Convatec Sees FY 2018 Organic Revenue Growth Of 2.5% - 3.0%
Thursday, 15 Feb 2018 

Feb 15 (Reuters) - Convatec Group Plc ::FY ‍GROUP REPORTED REVENUE OF $1,764.6 MILLION GREW 4.5% YEAR ON YEAR, 4.1% 3 CER OR 2.3% 4 ORGANICALLY VERSUS. REVISED GUIDANCE OF 1% TO 2% ORGANIC REVENUE GROWTH​.FY ‍ADJUSTED GROSS MARGIN INCREASED 10 BPS, INCLUDING 80 BPS FOREIGN EXCHANGE BENEFIT​.FY ‍UNDERLYING 70 BPS DECLINE, IN-LINE WITH REVISED GUIDANCE​.FY ‍REPORTED OPERATING PROFIT $247.8 MILLION, 60.9% INCREASE YEAR ON YEAR​.FY ‍ADJUSTED OPERATING PROFIT $456.8 MILLION, 3.3% LOWER YEAR ON YEAR DUE TO INCREASED INVESTMENT IN GROWTH AND INCLUSION OF PLC COSTS​.FY ‍SUPPLY CONSTRAINTS PREVIOUSLY REPORTED IN ADVANCED WOUND CARE AND OSTOMY CARE NOW RESOLVED​.‍FULL YEAR DIVIDEND 5.7 CENTS​.‍SEES 2018 ORGANIC REVENUE GROWTH OF 2.5% - 3.0%​.‍SEES DECLINE IN EBIT MARGIN IN 2018 DUE TO DECISION TO INCREASE TARGETED INVESTMENT, DESPITE TEMPORARY SHORTFALL IN REVENUE GROWTH​.  Full Article

Convatec reports Q3 revenue of $445.5 mln, up 6.8 pct
Monday, 16 Oct 2017 

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​.  Full Article

PRESS DIGEST- British Business - May 7

May 7 The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy.