For the upcoming year, Smith & Nephew estimates underlying revenues will expand by 5 per cent and a trading profit margin between 19.0 per cent and 20 per cent.
The FTSE 100 group revealed underlying revenues increased by 5.3 per cent last year, higher than the 4.5 per cent predicted in October when Smith & Nephew was forced to downgrade forecasts.
Shares in Smith & Nephew topped the FTSE 100 Index on Tuesday morning following the release of its results, climbing by 9 per cent before retreating modestly to be 6.3 per cent up at 1,109.5p.
However, the firm's operating profits jumped by 54.6 per cent to $657million, while trading profits ended 8.2 per cent higher at $1.05billion.
Activist investor Cevian Capital, known for its aggressive tactics for pursuing change, took a 5 per cent stake in Smith & Nephew last summer.
