Smiths statement on impact of US tax legislation

RNS Number : 6674B

Smiths Group PLC

12 January 2018

 

 

News Release

London, 12 January 2018

For immediate release

Smiths Group statement on impact of US tax legislation

Smiths Group plc ("Smiths Group" or the "Company") notes the enactment of the Tax Cuts and Jobs Act in the United States.  The net impact of the new US tax legislation on the Group will be favourable over the medium term. For the current financial year, Smiths Group anticipates a headline effective tax rate of 27.5-28.5%, which includes the one-off adverse revaluation of the deferred tax asset position.

Looking into the financial year to 31 July 2019 and beyond, the headline effective tax rate is estimated to be in the range of 23.0-25.0%.

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Contact details

Investor enquiries

Jemma Spalton, Smiths Group

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[phone]

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Marion Le Bot, Smiths Group
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[phone]
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Media enquiries

Andrew Lorenz, FTI Consulting
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[phone]

[e-mail]

Deborah Scott, FTI Consulting
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[phone]
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About Smiths Group

Smiths Group is a global technology company listed on the London Stock Exchange (SMIN) and operates a sponsored level one ADR programme (SMGZY). A world leader in the practical application of advanced technologies, Smiths Group delivers products and services for the medical technology, security & defence, energy, space & commercial aerospace, construction, transportation and general industrial markets worldwide. Smiths Group employs c.22,000 colleagues in over 50 countries. For more information visit www.smiths.com.

 

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