Annual Report

PIONEERS OF PROGRESS – improving our world through smarter engineering

Smiths Group plc Annual Report FY2021 cover
WELCOME TO OUR FY2021 ANNUAL REPORT

In the Report you can find out more about:

  • Our history and our Purpose
  • The priorities of our new CEO, Paul Keel
  • The value we place on our people
  • Technology and innovation
  • How we are driving sustainability in our business and for our customers
  • Governance and risk management

  • Sir George Buckley
    Chairman’s statement
    RISING TO THE CHALLENGE
    “FY2021 was one of the most eventful years since World War II for Smiths.”
    Download Chairman’s statement
  • Paul Keel
    OUR PURPOSE AND INTRODUCTION FROM OUR NEW CEO, PAUL KEEL
    LONGEVITY, RESILIENCE, PASSION, OPPORTUNITY – AN EXCITING FUTURE FOR SMITHS
    “Our focus now is squarely on acceleration – acceleration of learning, acceleration of growth, and acceleration of value creation.”
    Download our Purpose and CEO statement
FY2021 PERFORMANCE
  • Portfolio strength
    ~90%
    FY2020: 90%
  • Aftermarket & services
    50%
    FY2020: 49%
  • Total Group Vitality Index
    20%
    REVENUE FROM NEW PRODUCTS
    FY2020: 20%
  • Total Group Employee Engagement
    73
    FY2020: 73
  • Total Group Safety RIR
    0.38
    FY2020: 0.30
  • TOTAL GROUP GHG REDUCTION SINCE 2007
    60%
  • Underlying revenue growth
    (2)%
    FY2020: (1)%
  • HEADLINE OPERATING PROFIT MARGIN
    15.5%
    FY2020: 12.8%
  • Total Group ROCE
    13.2%
    FY2020: 11.8%
  • TOTAL GROUP HEADLINE CASH CONVERSION
    125%
    FY2020: 123%
  • Total Group working capital % of sales
    26%
    FY2020: 28%
  • Total Group dividend per share
    37.7p
    FY2020: 35.0p
Total Group measures comprise continuing operations and discontinued operations. Other measures are presented for continuing operations only. Please see Annual Report FY2021 (including note 30) for definitions of measures.

Report downloads