Supporting a premium rating for Smiths
Building on our strong operational and financial performance, we have announced a number of strategic actions to unlock significant value and enhance returns to shareholders.
We are focussing on our world-class John Crane and Flex-Tek businesses, with Smiths Interconnect to be divested, and Smiths Detection to be separated either by UK demerger or sale following the sale of Smiths Interconnect. We have also committed to complete a £500m share buyback programme by the end of CY2025 and return a large portion from disposal proceeds to shareholders.
Watch our half year results video where our CEO and CFO discuss the separation process and future of Smiths, including our new, enhanced financial targets that support a premium rating for Smiths.
Separating responsibly to deliver maximum value
We commit to keeping our stakeholders updated throughout this process and will share more information on this page on an ongoing basis.