REG - Smiths Group PLC - Smiths Group - Capital Markets Day 2022

SmithsAnnouncement

10/11/2022 07:00

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20221110:nRSJ9050Fa&default-theme=true

RNS Number : 9050F  Smiths Group PLC  10 November 2022

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
(http://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
(https://www.smiths.com/-/media/files/smiths-group-plc-q1-trading-statement-fy2023.pdf)
)
(https://www.smiths.com/-/media/files/smiths-group-plc-q1-trading-statement-fy2023.pdf)
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
 Jemma Spalton, Smiths Group                                            Tom Steiner, Smiths Group

+44 (0)7867 390 350

jemma.spalton@smiths.com                                              +44 (0)7787 415 891

                                                                        tom.steiner@smiths.com

 Stephanie Heathers, Smiths Group                                       Alex Le May, FTI Consulting

+44 (0)7702 443 312
 +44 (0)7584 113 633
smiths@fticonsulting.com

 stephanie.heathers@smiths.com (mailto:stephanie.heathers@smiths.com)

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
(http://www.smiths.com/) .

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  MSCKKLFBLFLXFBZ