Smiths Group PLC Smiths Group trading update (6292G)
August 09 2016 - 2:01AM
UK Regulatory
TIDMSMIN
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
+44 (0)20 7004 1612
andrew.lappin@smiths.com
Media enquiries
Anthony Cardew, Cardew Group
+44 (0)20 7930 0777
anthony.cardew@cardewgroup.com
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.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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