Financial summary - Smiths Group plc


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Financial summary

Smiths Group delivered a robust performance this year. We achieved good growth in headline operating profits with associated margin expansion in our Medical, Detection and Interconnect divisions, driven by revenue growth and business improvement initiatives. However, significant headwinds in the global energy markets impacted John Crane, primarily in the sales of first-fit equipment; aftermarket was more resilient with underlying revenue down 4%. For Smiths Group as a whole, more than half of our revenue continued to come from the recurring aftermarket for our products and services.

FY2016 results

£m     Headline* Statutory
Continuing activities 2016
Revenue 2,949 2,897 2% (2)% 2,949 2,897
Operating profit 510 511 - (4)% 387 394
Operating margin 17.3% 17.6% (30) bps (40) bps 13.1% 13.6%
Pre-tax profit 451 459 (2)% (5)% 346 325
Basic EPS 85.2p 86.1p (1)%   65.6p 62.4p
Free cash flow 400 339 18%      
Dividend 42.00p 41.00p 2%      
Return on capital employed 15.3% 16.0% (70) bps      

*In addition to statutory reporting, Smiths Group reports its continuing operations on a headline basis. Definitions of headline metrics, and information about the adjustments to statutory measures are provided in the notes to the financial statements
#Organic growth adjusting for foreign exchange translation

Headline operating profit - £m

Revenue - £m

FY2016 annual results

We published our FY2016 annual results for the year ended 31 July 2016 on 28th September 2016. You can read the press release here.

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Smiths Group divisions:

John Crane, Smiths Medical, Smiths Detection, Smiths Interconnect, Flex-Tek

Smiths Group plc:
Registered office 4th Floor, 11-12 St James’s Square, London, SW1Y 4LB
Incorporated in England No. 137013
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