Business
Smiths Group Half Year Results 2025
Smiths Group Half Year Results 2025.
About this update from Smiths Group Plc
[{"type":"text","content":"\n\nSMITHS GROUP PLC - HALF YEAR RESULTS FOR 6 MONTHS ENDED 31 JANUARY 2025\nPioneers of progress - engineering a better future\n \nStrong financial results; executing value creation strategy\n \n· Continued strong financial performance: +9.1% organic1 revenue growth, +50bps organic operating profit margin expansion to 16.7% and +14.0% headline2 EPS growth\n· Reaffirming full year guidance, raised twice this fiscal year, of 6-8% organic revenue growth and margin expansion of 40-60bps\n· Disciplined capital allocation with enhanced returns: +5% increase in dividend; £150m of £500m share buyback completed, £97m invested in accretive acquisitions, with a further £32m bolt-on acquisition announced today\n· Strategic actions to unlock significant value announced in January. Separation processes for Smiths Interconnect and Smiths Detection underway. Continued execution of the Acceleration Plan\n· Focus on high-performance industrial technology businesses of John Crane and Flex-Tek with significant opportunities to enhance growth, improve the financial profile and deliver strong returns\n· New, enhanced medium-term financial targets for FutureSmiths3 with higher growth, margin and returns\n \nRoland Carter, Chief Executive Officer, commented:\n\"We have delivered another strong financial performance which, combined with ongoing strategic and operational progress, underpins our confidence in achieving our twice-raised full year guidance.\n\"The portfolio actions that we announced in January 2025 are being advanced with pace and purpose, with the separation processes for Smiths Interconnect and Smiths Detection underway.\n\"The attraction of FutureSmiths is compelling. By focusing on our world-class, high-performance John Crane and Flex-Tek businesses we will deliver sustainable growth, higher margins, returns and earnings growth, as reflected in our new enhanced medium-term financial targets. Our strong cash generation enables us to continue to invest in the business organically, and inorganically, whilst being able to distribute significant capital to shareholders. We believe this will deliver substantial value creation.\n\"My thanks to all our Smiths colleagues across the world for your ongoing dedication and comm...