Annual Report

Making a safer more efficient and better connected world

Smiths Detection Malaysia
WELCOME TO OUR FY2020 ANNUAL REPORT

In the report you can find out more about:

  • Our financial performance during the year
  • How we have supported our people, our customers and our communities during the COVID-19 pandemic
  • Our progress against our strategic objectives
  • Technology and innovation
  • Our environmental targets
  • Governance and risk management

  • Sir George Buckley
    Chairman’s statement
    Seeing round the corner
    “Prudence remains the immediate order of the day, together with careful cash management and innovation.”
  • Andy Reynolds Smith
    CEO Q&A
    Strong now and for the future
    “I’m incredibly grateful to our amazing people for their dedication in difficult times, which ensured we delivered in the year and continue to maximise opportunities for future growth.”
FY2020 PERFORMANCE
  • Portfolio strength
    90%
    revenue from top three positions
    FY2019: >90%
  • Aftermarket & services
    49%
    FY2019: 49%
  • Total Group Vitality Index
    20%
    revenue from products launched in the last three years
    FY2019: 13%
  • Total Group Employee Engagement
    73
    My Say survey score
    FY2019: 73
  • Total Group Safety RIR
    0.30
    recordable incident rate per 100 colleagues
    FY2019: 0.41
  • Total Group direct economic contribution
    £2.8bn
    Employee costs + supplier costs + tax paid
    FY2019: £2.6bn
  • Underlying revenue growth
    (1)%
    FY2019: +3%
  • Headline operating margin
    15.0%
    FY2019: 17.1%
  • Total Group ROCE
    11.8%
    FY2019: 14.4%
  • Total Group headline operating cash conversion
    123%
    FY2019: 83%
  • Total Group working capital % of sales
    28%
    FY2019: 26%
  • Total Group dividend per share
    35.0p
    FY2019: 45.9p

Report downloads