Smiths Group trading update

RNS Number : 6292G

Smiths Group PLC

09 August 2016

 

 

 

News Release

London, 9 August 2016

For immediate release

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION

Smiths Group trading update

Smiths Group plc ("Smiths" or "the Group") today announces its trading update for the year ended 31 July 2016. 

Full year revenue for the Group is expected to be above both expectations and the previous year, reflecting stronger operational performance, principally in Smiths Detection, and the favourable impact of a stronger US dollar which more than offset a 10% underlying reduction in John Crane revenues. 

Full year headline operating profit is also anticipated to be above expectations but below 2015 levels, with the reduction in profits in John Crane more than offsetting the favourable impact of the stronger US dollar and improved underlying profitability in Smiths Medical, Smiths Interconnect and Smiths Detection.

Expectations for performance in 2017 remain unchanged, excluding the potential foreign exchange translation benefit from the weaker British pound should current rates continue.

The Group will issue its 2016 full year results at 7am BST on Wednesday 28 September 2016.

ENDS

Contact details

Investor enquiries

Andrew Lappin, Group Director Corporate Affairs, Smiths Group

[phone]

[e-mail]

Media enquiries

Anthony Cardew, Cardew Group

[phone]

[e-mail]

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 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 around 23,000 people in over 50 countries. For more information visit www.smiths.com.

 

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