Smiths Group PLC
15 November 2005
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 today in
London, Donald Brydon, Chairman of the company said:
'In the 2005 Report & Accounts the Chief Executive, Keith Butler-Wheelhouse
indicated that Smiths expects to deliver continuing growth in the current year,
with each division contributing a better performance, aided by the full-year
benefit of recent acquisitions.
'A month further into the 2006 financial year, I can confirm that the company
remains on track to achieve another year of improved performance.
'The business environment is positive across most of the company's markets, and
this is being reflected in organic growth. There has been good progress on the
integration of Medex and the other acquisitions made last year, while in the new
year another £30m has been spent on acquisitions.
'Three of the divisions are expected to show good growth in the first half of
the year. In Aerospace, which has recently secured strong positions on new
aircraft programmes, growth will be concentrated in the second half, due to the
timing of development expenditure charged to profit.'
-ends-
Enquiries:
Media: Chris Fox 020 8457 8403 Investors: Russell Plumley 020 8457 8203
e-mail: chris.fox@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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