A fundamentally strong business
Smiths is a FTSE 100 company with a balanced portfolio of market-leading, industrial technology businesses. Our businesses have leading positions in critical markets, and deliver superior customer service through our global capabilities and sustained investment in R&D.
All of this supported by a robust financial framework with high proportion of recurring revenues through our aftermarket offering, and high and resilient margins.
Supporting a premium rating for Smiths
Building on our strong operational and financial performance, we have announced a number of strategic actions to unlock significant value and enhance returns to shareholders.
We are focussing on our world-class John Crane and Flex-Tek businesses, with Smiths Interconnect to be divested, and Smiths Detection to be separated either by UK demerger or sale following the sale of Smiths Interconnect.
We have also committed to complete a £500m share buyback programme by the end of CY2025 and return a large portion from disposal proceeds to shareholders.
View Strategic update
We will become a more focused business with significant potential for future growth and value creation. Focusing on our world-class John Crane and Flex-Tek businesses and carefully managing the separation of Smiths Interconnect and Smiths Detection, we will deliver significant value for all stakeholders.
Significant potential for growth and value creation
Enhanced medium term targets - reflecting further growth and higher return potential
A strong performance in FY2024
In FY2024 we made significant progress against our medium-term targets
Organic revenue growth
Headline EPS growth
ROCE
Headline operating profit margin
Headline operating cash conversion
Total shareholder return