Skip to main content

10 March 2004

Key messages Aerospace, Medical and Specialty Engineering all performing strongly Underlying growth impacted by contract timing in Detection Earnings per share of 17.5p, compared with 18.9p a year ago

  • Aerospace, Medical and Specialty Engineering all performing strongly
  • Underlying growth impacted by contract timing in Detection
  • Earnings per share of 17.5p, compared with 18.9p a year ago*
  • Consistently good profit-to-cash conversion
  • Net debt down to 206m from 715m from disposals and cash generation
  • Dividend unchanged at 8.75p
  • Full Year delivery remains on track

*continuing activities, before goodwill amortisation and exceptionals. On a statutory basis, earnings per share were 12.5p (2003: 20.4p).

Commenting on the results, Keith Butler-Wheelhouse, Chief Executive said:

Aerospace, Medical and Specialty Engineering all achieved good growth in this period. As expected, Detection was down compared with a very strong first half a year ago. The recovery in Detection in the second half and continued progress in the rest of Smiths underline our confidence in the outlook for the full year.

ENDS

Related articles

Ariane 6

Smiths Group supports launch of Ariane 6 space rocket

Read our latest company news as Smiths Group supports the launch of the Ariane 6 space rocket

Find out more Call to action arrow icon
Smiths Detection HI SCAN 6040 Ctix

Smiths Detection Selected by Zurich Airport to Trial Advances CT X-Ray Scanners

Read our latest company news as Smiths Detection is selected by by Zurich Airport to Trial Advances CT X-Ray Scanners.

Find out more Call to action arrow icon
Seal Image

 John Crane signs five-year contract to support major oil company’s Canada complex

Read our latest company news as John Crane signs a 5-year contract with a major hydrocarbon processing complex

Find out more Call to action arrow icon
Sign up for updates Call to action arrow icon