Regulatory News Item
London, 14 November 2017
For immediate release
Revenue during the first quarter decreased 2% on an underlying1 basis, primarily due to order timing. Management expectations for the full year remain unchanged, with the Group returning to growth for FY2018.
On 1 November,
During the period, further steps were taken to de-risk the Group's pension liabilities through a
Smiths will be holding a Capital Markets Day in
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This announcement contains certain statements that are forward-looking statements. They appear in a number of places throughout this announcement and include statements regarding our intentions, beliefs or current expectations and those of our officers, directors and employees concerning, amongst other things, our results of operations, financial condition, liquidity, prospects, growth, strategies and the business we operate. By their nature, these statements involve uncertainty since future events and circumstances can cause results and developments to differ materially from those anticipated. The forward-looking statements reflect knowledge and information available at the date of preparation of this announcement and, unless otherwise required by applicable law, Smiths undertakes no obligation to update or revise these forward-looking statements. Nothing in this document should be construed as a profit forecast.
No statement in this announcement is intended to be a profit forecast and no statement in this announcement should be interpreted to mean that earnings per Smiths ordinary share for the current or future financial years would necessarily match or exceed the historical published earnings per Smiths ordinary share. Prices and values of, and income from, shares may go down as well as up and an investor may not get back the amount invested. It should be noted that past performance is no guide to future performance. Persons needing advice should consult an independent financial adviser.
1Underlying excludes the effects of foreign exchange translations and acquisitions but includes divested businesses for the period they were owned in the reported period and adjusts the prior financial year comparator as if the divested business were owned for the same period in that financial year to aid comparability.
This information is provided by RNS