Highlights
Growth in reported revenue and headline operating profit in four out of five divisions
Group revenue declined 2% on an underlying1 basis; up 2% on a reported basis
53% of Group revenues derived from aftermarket and consumables
Headline operating profit declined 4% on an underlying1 basis, driven by tough global energy market conditions for John Crane
Good margin expansion in Smiths Medical, Smiths Detection and Smiths Interconnect
John Crane margins resilient at 21.9%; Flex-Tek margins stable
Earnings per share of 85.2 pence fell 1% year-on-year driven by higher finance costs
102% cash conversion drove an underlying reduction in net debt
Proposed final dividend of 28.75 pence per share. Full year dividend growth of 2.4%
$710m acquisition of Morpho Detection expected to complete in early 2017, subject to regulatory clearance
