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Convatec Group PLC (CNVVY) ConvaTec Group PLC, 4 Months Period Ending/ Trading Statement Call Transcript
2026-05-21 · via All Articles on Seeking Alpha

Convatec Group PLC (CNVVY) ConvaTec Group PLC, 4 Months Period Ending/ Trading Statement Call May 21, 2026 3:30 AM EDT

Company Participants

Jonathan Mason - CEO & Director
Fiona Ryder - Group Financial Controller, CFO & Director

Conference Call Participants

Graham Doyle - UBS Investment Bank, Research Division
Hassan Al-Wakeel - Barclays Bank PLC, Research Division
Kane Slutzkin - Deutsche Bank AG, Research Division
Sebastien Jantet - Panmure Liberum Limited, Research Division
Christian Glennie - Stifel, Nicolaus & Company, Incorporated, Research Division
Julien Dormois - Jefferies LLC, Research Division
Veronika Dubajova - Citigroup Inc., Research Division
Susannah Ludwig - Bernstein Institutional Services LLC, Research Division
David Adlington - JPMorgan Chase & Co, Research Division

Presentation

Operator

Hello, and welcome to ConvaTec Group AGM Trading Update Call. Please note that this call is being recorded. [Operator Instructions] I'd now like to hand the call over to Jonny Mason, CEO. Please go ahead, sir.

Jonathan Mason
CEO & Director

Good morning, everybody, and welcome to our AGM trading update call. The headline is that we've made a good start to the year with results for the first 4 months in line with expectations. We're on track to deliver our 2026 guidance.

I'm going to hand over to our CFO, Fiona, to present those results. Then I'll make some brief comments on strategic progress afterwards, and we'll take any questions that you have.

Fiona Ryder
Group Financial Controller, CFO & Director

Thank you, Jonny, and good morning, everybody.

For the first 4 months of the year, organic revenue growth of 4.8% excluding InnovaMatrix, was broad-based across all 4 categories. InnovaMatrix represented about a 3% group headwind and was less than 1% of group revenue, in line with our guidance.

Group organic revenue growth, including InnovaMatrix, was 1.6%. U.S. dollar depreciation year-on-year drove a material FX translation benefit with reported revenue growth of 5.5%.