AGM Statement

Smiths Group PLC 16 November 2004 Annual General Meeting of Smiths Group plc Chairman's statement on the current outlook Speaking at the Annual General Meeting of Smiths Group held at 2.30pm at 60 Victoria Embankment, London EC4, Donald Brydon, Chairman of the company said: 'In September, when we announced the Preliminary Results for the 2004 financial year, we indicated that Smiths' business environment appeared more positive than it had been for some years. A generally better outlook across our market sectors, the steps taken to improve efficiency and the benefit from recent acquisitions all enhanced the prospects for profitable growth in 2005. 'Now, three months into this year, the company can reaffirm that the momentum is being sustained. As anticipated, demand across all our markets is higher than a year ago; last year's acquisitions are performing well and one more has recently been announced; and, despite the translation effect of the dollar's continued decline, sales and profits are ahead of this time last year. In conclusion, we remain confident that Smiths is on track to deliver an improved performance.' -ends- Enquiries: Media: Caroline Harris 020 8457 8403 Investors: Russell Plumley 020 8457 8203 e-mail: caroline.harris@smiths-group.com e-mail: russell.plumley@smiths-group.com This information is provided by RNS The company news service from the London Stock Exchange
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