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. We will return a large portion of the disposal proceeds to shareholders.
Watch our full 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.
Our strategy and business model
When we have completed these strategic actions we will be a focused industrial engineering company specialising in high performance technologies for flow management and thermal solutions.
End Markets
Our businesses operate in attractive, growing end markets aligned with positive structural megatrends:
