Annual Report
Making a safer, more efficient and better connected world
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Chairman’s statementBuilding a sustainably competitive company“We believe that achieving above market organic growth is the best way to build a sustainably competitive company. This is clearly our long term goal.” -
CEO Q&AA significant year in the evolution of smiths“We made further progress on our strategic plan – delivering continued, sustainable growth on the way to outperforming our markets. In this context of progress and confidence in the future, we announced plans to separate Smiths Medical to create two stronger, industry-leading companies with distinct strategies and focus.”
FY2019 highlights
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Underlying revenue growth+3%FY2018: +3%
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Headline operating profit margin17.1%FY2018: 16.7%
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Total Group ROCE14.4%FY2018: 14.6%
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Total Group operating cash conversion83%FY2018: 99%
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Total Group working capital % of sales26%FY2018: 26%
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Total Group dividend per share45.90pFY2018: 44.55p
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Portfolio strength>90%well positioned in attractive marketsFY2018: ~80%
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Higher-growth regions20%revenue from higher-growth regionsFY2018: 20%
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Aftermarket & services49%FY2018: 48%
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Total Group Vitality Index13%FY2018: 13%
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Total Group stock turns3.4xFY2018: 3.7x
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Total Group Safety RIR0.41per 100 colleaguesFY2018: 0.39
Report downloads
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Annual Report FY2019Making a safer, more efficient and better connected world -
Strategic ReportSmiths is a world leader in the practical application of advanced technologies -
Business model strategy and KPIsOur businesses share the same characteristics which embody how we create value, underpinned by our culture and values -
Our divisionsOur divisions are experts in their chosen markets -
Resources and relationshipsHow we work and interact with our stakeholders is fundamental to our purpose -
GovernanceA strong governance framework is critical to support the Group’s long-term strategic development -
Financial statementsA strong financial framework