Financial summary - Smiths Group plc

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Financial summary

Smiths has made good progress this year as we continue to execute our strategy for sustainable growth. We are well underway in repositioning the business through organic and inorganic investment with approximately 75% of the Group now well positioned in attractive markets. The disposal of four non-core businesses and the acquisition of Morpho Detection has supported the significant upgrading of the portfolio as we increasingly focus on scalable, technology-differentiated leadership positions in our chosen markets.

FY2017 results

Continuing Operations
  Headline* Statutory
  2017
£m
2016
£m
Reported growth Underlying# growth 2017
£m
2016
£m
Revenue 3,280 2,949 11% (1)% 3,280 2,949
Operating profit 589 510 16% 3% 674 387
Operating margin 18.0% 17.3% 70bps   20.5% 13.1%
Pre-tax profit 528 451 17%   601 346
Free cash-flow 370 243 52%      
Return on capital employed 16.2% 15.3% 90bps      
Continuing basic EPS 97.6p 85.2p 15%   144.1p 65.6p
Dividend 43.25p 42.00p 3%      

*In addition to statutory reporting, Smiths Group reports its continuing operations on a headline basis. Definitions of headline metrics, and information about the adjustments to statutory measures are provided in the notes to the financial statements
#Underlying excludes the effects of foreign exchange translation and acquisitions but includes divested business for the period they were owned in the reported financial year and adjusts the prior financial year comparator as if the divested business were owned for the same period in that financial year to aid comparability

Headline operating profit - £m


Revenue - £m




FY2017 annual results

We published our FY2017 annual results for the year ended 31 July 2017 on 22nd September 2017. You can read the press release here.




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Smiths Group divisions:

John Crane, Smiths Medical, Smiths Detection, Smiths Interconnect, Flex-Tek

Smiths Group plc:
Registered office 4th Floor, 11-12 St James’s Square, London, SW1Y 4LB
Incorporated in England No. 137013
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