**Convatec Group PLC Trading Update for 10 Months Ended 31 October 2025**
Convatec Group PLC reported strong, broad-based organic revenue growth of **6.3%** (excluding InnovaMatrix®) for the ten months ended 31 October 2025, driven by successful new product launches and continued market share gains. Including InnovaMatrix®, growth was **5.0%**, with reported growth at **6.2%**. The company remains on track to meet its FY25 financial targets and expects another year of double-digit adjusted EPS growth in FY26, supported by **5-7%** organic growth in non-InnovaMatrix® sales.
**Key Highlights**
**Product Performance** New launches such as ConvaFoamâ„¢, Esteem Bodyâ„¢, and GentleCath Airâ„¢ for Women are gaining traction across Advanced Wound Care, Ostomy Care, Continence Care, and Infusion Care segments.
**Financial Outlook** FY25 organic revenue growth (excluding InnovaMatrix®) is revised to **6.0-6.5%** (from 5.5-7.0%), with InnovaMatrix® revenue expected at around **$70m**. Adjusted operating profit margin is maintained at **22.0-22.5%**, and double-digit adjusted EPS growth is reaffirmed.
**Medium-Term Targets** Convatec aims for **5-7%** organic revenue growth, double-digit adjusted EPS growth, and reaching a mid-20s% adjusted operating margin by 2026/2027.
**Strategic Progress** Secured a new US Ostomy GPO contract (Captis/Vizient), extended another contract, and advanced its innovation pipeline with upcoming launches like ConvaNioxâ„¢ and ConvaFiberâ„¢.
**Operational Updates** Completed **$202m** of its **$300m** share buyback program and issued a **$500m** investment-grade bond.
**InnovaMatrix® Update**
InnovaMatrix® revenues represented **~3%** of Group revenue in the period. Despite regulatory uncertainties, Convatec expects InnovaMatrix® revenue of **$70m** in FY25. The CMS revised payment rate for skin substitutes, effective January 2026, is estimated to create a **1-2%** Group revenue headwind.
**CEO Commentary**
Jonny Mason highlighted the resilience of Convatec’s business, driven by strong sales growth from new products and ongoing simplification initiatives. He emphasized the company’s commitment to patient care and its position to deliver financial targets.
**Conference Call**
A conference call with analysts and investors was scheduled for 08:30 GMT on 13 November 2025 to discuss the trading update.
**About Convatec**
Convatec is a global medical products company focused on chronic care solutions, with revenues exceeding **$2 billion** in 2024 and a presence in ~90 countries.
**Forward-Looking Statements**
The update includes forward-looking statements based on current estimates and assumptions, subject to business and economic uncertainties. No assurance is given regarding future results.