Smiths Group plc (GB:SMIN) has released an update.
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Smiths Group PLC reports strong financial performance with a 5.4% increase in organic revenue and a 16.8% headline operating profit margin, alongside an 8.3% rise in headline EPS. The company has strengthened its balance sheet and proposes a 5.2% higher dividend, while also announcing two acquisitions to boost its HVAC and industrial heating businesses. Looking ahead, Smiths Group is launching an Acceleration Plan to enhance profitability and productivity, aiming for continued revenue growth and margin expansion in FY2025.
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