• Smith & Nephew SNATS average ebitda margin for 2013 was 27.41%, a 1.44% decline from 2012.
• Smith & Nephew SNATS average ebitda margin for 2012 was 27.81%, a 4.2% decline from 2011.
• Smith & Nephew SNATS average ebitda margin for 2011 was 29.03%, a 0.82% decline from 2010.

Ebitda margin can be defined as earnings before interest, taxes, depreciation and amortization as a portion of total revenue.