Smiths Group has reported organic growth in both revenue and profits in its opening half results, as the engineering company said its sales of Smiths Interconnect and Smiths Detection had helped reshape its portfolio.

The group announced a 4% annual jump in headline revenue to £1.44bn, while its operating profit grew organically by 7.2% to £248m in H1.

Smiths, announcing its results for the six-month period to 31 January, said the “transformational” disposals of Smiths Interconnect and Smiths Detection, agreed for a combined enterprise value of £3.3bn, were ahead of market expectations.

The FTSE 100 company revealed that the Smiths Interconnect sale is approaching completion, while Smiths Detection is on track to close in its H2 period of the 2026 financial year.

In its outlook for the rest of the financial year, Smiths said it is expecting organic revenue growth of 3-4%, with H2 growth within a medium-term 5-7% target range.

“The first half was important for Smiths with the announcement of the transformational sale of Smiths Detection and Smiths Interconnect, achieving multiples above market expectations and ahead of schedule,” Smiths CEO, Roland Carter, commented.

“[This year] is a significant year of progress as we reposition Smiths towards higher growth and higher returns markets. We delivered increased momentum in the second quarter, and our strong order book supports an improved second-half performance.

“Following the completion of the disposals, Smiths will be a focused, premium industrial engineering company. Our strategy is delivering significant value and supporting enhanced, sustainable returns, alongside our continued investment into Smiths, and commitment to a further £1.5bn of returns to shareholders.”

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