AGM Statement and IMS

Smiths Group PLC 20 November 2007 INTERIM MANAGEMENT STATEMENT FOR THE QUARTER ENDED 3 NOVEMBER 2007 Speaking at the Annual General Meeting of Smiths Group, held at 12.00 noon today in London, Donald Brydon, Chairman of the Company, provided the following interim management statement for the quarter ended 3 November 2007. 'The financial year has started well with performance in the first quarter being in line with our expectations. All three divisions have made a good start to the year. Smiths Detection has, as previously announced, secured a number of significant orders during the quarter, including the new aTiX (Advanced Threat Identification X-ray) to be deployed at both UK and USA airport checkpoints. Smiths Medical has won contracts from customers in the US, notably in the safety solutions and power port markets, building on successful launches of products such as the hypodermic NeedlePro EDGE and the safety needle PORT-A-CATH(R) injectable port. The transfer of manufacturing to Mexico continues on track for completion in the second quarter. Smiths Specialty Engineering has recently announced the sale of its Marine Systems business and the acquisition of Sartorius Bearings, which adds to John Crane's range of advanced technology products, providing opportunities to leverage its global sales and service network. Net debt increased by £28 million to £616 million at 3 November 2007, mainly the result of increased inventory in Smiths Detection relating to customer orders. Overall, the Board remains confident of an enhanced performance in the current year although, as stated at the time of the Group's preliminary results, the rate of reported growth will be affected by the currency translation impact on our US dollar earnings.' ENDS Smiths is a global technology company listed on the London Stock Exchange. A world leader in the practical application of advanced technologies, Smiths Group delivers products and services for the threat & contraband detection, medical devices, energy and communications markets worldwide. Our products and services make the world safer, healthier and more productive. Smiths Group employs more than 20,000 people in over 50 countries. For more information visit www.smiths.com Investor Relations Media steve.warren@smiths.com chris.fox@smiths.com +44 (0)20 8457 8203 +44 (0)20 8457 8403 This information is provided by RNS The company news service from the London Stock Exchange
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