10 March 2004
Key messages Aerospace, Medical and Specialty Engineering all performing strongly Underlying growth impacted by contract timing in Detection Earnings per share of 17.5p, compared with 18.9p a year ago
- Aerospace, Medical and Specialty Engineering all performing strongly
- Underlying growth impacted by contract timing in Detection
- Earnings per share of 17.5p, compared with 18.9p a year ago*
- Consistently good profit-to-cash conversion
- Net debt down to 206m from 715m from disposals and cash generation
- Dividend unchanged at 8.75p
- Full Year delivery remains on track
*continuing activities, before goodwill amortisation and exceptionals. On a statutory basis, earnings per share were 12.5p (2003: 20.4p).
Commenting on the results, Keith Butler-Wheelhouse, Chief Executive said:
Aerospace, Medical and Specialty Engineering all achieved good growth in this period. As expected, Detection was down compared with a very strong first half a year ago. The recovery in Detection in the second half and continued progress in the rest of Smiths underline our confidence in the outlook for the full year.
ENDS
General media enquiries
Contact our global media and communications team at:
Please note – the press team can only answer enquiries from accredited members of the press.
Related articles
Smiths Group plc – Q1 Trading Update
Find out more
Smiths Detection supplies industry-leading 3D X-ray scanners to Kansai International Airport
Passengers passing through Osaka’s busiest airport will soon be able to leave liquids and electronics in bags.
Find out more
Smiths Detection receives key certification for its AI-powered threat detection technology
AI-empowered technology identifies a wide range of airport threats and meets strict EU and Dutch requirements, setting an industry benchmark
Find out more
