LONDON (dpa-AFX) - Smiths Group plc (SMIN.L) on Thursday, issued a trading
statement for the first quarter and reported a 3.5% organic revenue growth
against a Q1 FY2023 comparator of +13.2%.

The company stated that performance in the first quarter was in line with the
Group's expectations, and further confirmed full-year guidance of organic
revenue growth within its medium-term target range of 4%-6%, with continued
margin expansion.

Paul Keel, Group Chief Executive, said, 'We have now delivered ten consecutive
quarters of growth, underpinned by our strategy of accelerating growth,
improving execution and investing in our people. Our strong orderbooks in John
Crane and Smiths Detection and new product pipeline give us confidence in
delivering full year growth within our medium-term target of 4-6%, despite
record FY23 comparators, a moderating pricing environment and softer market
conditions in parts of Flex-Tek and Smiths Interconnect.'



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