Sam England's questions to SMITH & NEPHEW (SNN) leadership • H1 2025
Question
Sam England of Berenberg asked about the potential market share gains from the CatellaStem hip system, particularly in the ASC channel, and questioned the demand drivers for the CORI robotics system between hospital and ASC settings.
Answer
CEO Deepak Nath expressed satisfaction with the uptake of CatellaStem and its strong surgeon feedback across all settings. For the CORI robotics system, he highlighted that the focus is on both placements and utilization, with encouraging progress in ASCs and teaching institutions. CFO John Rogers added that CORI placements over-indexed in ASCs during Q2, reinforcing its strong fit for that channel due to its smaller footprint and lower capital cost.