Last checked at 10 Nov 2022 07:00
News Release
10 November 2022
SMITHS GROUP PLC - CAPITAL MARKETS EVENT
Pioneers of progress - improving our world through smarter engineering
Progress on our growth strategy highlighting Flex-Tek, Smiths Interconnect and Sustainability at Smiths
Smiths Group plc ("Smiths" or "the Group") announces that it will host a capital markets event today at the Tate Modern in London, with an in-person Q&A session and interactive product exhibition. Presentations are now available to view online and the Q&A will be streamed live at 16.00 GMT on the Smiths website at www.smiths.com/capital-markets-event-2022.
Following last year's event, which outlined how the Group will accelerate growth and strengthen execution through the Smiths Value Engine, this year's event will be focused on how the Group is progressing on this strategy with a particular focus on Flex-Tek and Smiths Interconnect and how Sustainability has a pivotal role in accelerating growth.
The capital markets event will be led by Smiths Group CEO, Paul Keel and will feature presentations from the Presidents of Flex-Tek, Pat McCaffrey and Smiths Interconnect, Julian Fagge, as well as the Group's Chief Sustainability Officer, John Ostergren, and Group CFO, Clare Scherrer.
The Group published its first quarter trading update (available here) covering the three months to the end of October 2022 on 9 November 2022 demonstrating further progress on the strategy, posting organic revenue growth of 13.2%, and reiterating its full year guidance of 4.0-4.5% organic revenue growth for the year with moderate margin improvement. No material update on trading will be provided during the event.
Paul Keel, Group Chief Executive, commented:
"Our global team has accomplished a great deal since outlining our strategy last fall and we will give more detail on that accelerating progress today as well as our path to delivering on our medium-term targets.
Following a strong FY22, and a strong start to FY23 with six consecutive quarters of growth, we're building a credible track-record. We're grounded in our purpose, powered by our strengths and focused on our three main priorities of Growth, Execution and People. Together this will help us create long term sustainable value for all our stakeholders."
Investor enquiries | Media enquiries |
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Jemma Spalton, Smiths Group+44 (0)7867 390 350jemma.spalton@smiths.com
| Tom Steiner, Smiths Group +44 (0)7787 415 891 tom.steiner@smiths.com
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Stephanie Heathers, Smiths Group +44 (0)7584 113 633 stephanie.heathers@smiths.com
| Alex Le May, FTI Consulting+44 (0)7702 443 312smiths@fticonsulting.com
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Legal Entity Identifier (LEI): 213800MJL6IPZS3ASA11
About Smiths Group
For over 170 years, Smiths Group has been pioneering progress by improving the world through smarter engineering. We serve millions of people every year, to help create a safer, more efficient and better-connected world, across four major global markets: Energy, General Industry, Safety & Security and Aerospace. Listed on the London Stock Exchange, Smiths employs over 14,700 colleagues in over 50 countries. For more information visit www.smiths.com.