In line with their progressive dividend policy, SMITHS GROUP PLC is declaring an interim dividend of 13.55p, a year-on-year increase of +5.0% (HY2023: 12.9p). The interim dividend will be paid on 13 May 2024 to shareholders on the register at close of business on 5 April 2024.
Other financial highlights include:
o Organic revenue growth of +3.9% against record comparator, led by strong growth at John Crane +12.7% and Smiths Detection +8.9%
o Revenue declines at Flex-Tek of (4.1)% and Smiths Interconnect of (13.7)%; with improved performance in the second quarter in both divisions
o Group orders up +16.5%, driven by John Crane +10.9%, Smiths Detection +38.2% and Flex-Tek aerospace +11.6%; double-digit order growth at Smiths Interconnect in Q2, following a double-digit decline in Q1
