FY 2021 consensus figures are as at 09/11/2020
|Underlying revenue growth (%)|
|Operating profit (£m)|
|DISCONTINUED OPERATIONS (Smiths Medical)|
|Underlying revenue growth (%)||2|
|Operating profit (£m)||197|
Continuing Operations excludes Smiths Medical which is accounted for as 'discontinued operations - businesses held for distribution to owners'.
For analyst forecasts that record restructuring costs as non-headline, their forecasts have been manually adjusted by £(30)m for the FY to reflect the Group's presentation of results.
Accounting standards require the Group to stop charging depreciation and amortisation within Smiths Medical, since it has been reclassified as discontinued operations. Therefore, Smiths Medical's FY operating profit includes an estimated £45m credit for depreciation and amortisation and analysts' forecasts have been manually adjusted to reflect this if required.
FY consensus is comprised of 10 analyst forecasts: JP Morgan, Goldman Sachs, BofA, Barclays, Exane BNPP, Morgan Stanley, Liberum, RBC, Societe Generale, Stifel