17 January 2025
SMITHS GROUP PLC
Response to shareholder letter
Following a meeting yesterday, the Board of Smiths Group plc (the "Company" or "Smiths") acknowledges receipt of a letter early this morning from Engine Capital LP, a shareholder in the Company.
The Board welcomes feedback from all shareholders and continues to have a clear focus on creating shareholder value.
Smiths is performing strongly, with an upgrade to guidance in Q1 FY2025, and a second upgrade in guidance to 6-8% organic revenue growth and 40-60bps margin improvement announced on 14 January 2025.
Legal Entity Identifier (LEI): 213800MJL6IPZS3ASA11
ENDS
IR contacts
Siobhán Andrews, Smiths Group
+44 (0) 7920 230093
Ana Pita da Veiga, Smiths Group
+44 (0)7386 689442
ana.pitadaveiga@smiths.com
Media contacts
Tom Steiner, Smiths Group Alex Le May, FTI Consulting
+44 (0)7787 415891 +44 (0)7702 443 312
tom.steiner@smiths.com Smiths@fticonsulting.com
About Smiths Group
For over 170 years, Smiths has been pioneering progress by engineering a better future. We serve millions of people every year, to help create a safer, more efficient and productive, and better-connected world across four global markets: energy, safety & security, aerospace & defence, and general industrial. Listed on the London Stock Exchange, Smiths employs c.15,000 colleagues in over 50 countries. For more information visit www.Smiths.com