Mar 25, 2025 / 08:00AM GMT
Roland Carter - Smiths Group PLC - Chief Executive Officer, Executive Director
Good morning everyone, and thank you for joining us today. I'll start by providing a few opening remarks before handing over to Julian to walk us through the first half numbers. I'll then come back to you to provide an update on the strategy, and we'll have plenty of time at the end for questions.
As I said in January, since becoming CEO this time last year, the Board and I have been evaluating the options to maximize shareholder value. Despite making substantial progress with improved performance, the Group still trades at a discount to our expected valuation.
To address this, we will focus on our high performance technologies for efficient flow and heat management through John Crane and Flex-Tek, and separate Smiths Interconnect virus sale followed by Smiths Detection by either a UK demerger or sail. In parallel, we have increased our share buyback program to GBP500 million, and we will return a large portion of disposal proceeds to shareholders.
As we execute this strategy, we will become a more
Half Year 2025 Smiths Group PLC Earnings Call Transcript
Mar 25, 2025
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