Smiths Group PLC Smiths statement on impact of US tax legislation (6674B)
January 12 2018 - 1:00AM
UK Regulatory
TIDMSMIN
RNS Number : 6674B
Smiths Group PLC
12 January 2018
News Release
London, 12 January 2018
For immediate release
Smiths Group statement on impact of US tax legislation
Smiths Group plc ("Smiths Group" or the "Company") notes the
enactment of the Tax Cuts and Jobs Act in the United States. The
net impact of the new US tax legislation on the Group will be
favourable over the medium term. For the current financial year,
Smiths Group anticipates a headline effective tax rate of
27.5-28.5%, which includes the one-off adverse revaluation of the
deferred tax asset position.
Looking into the financial year to 31 July 2019 and beyond, the
headline effective tax rate is estimated to be in the range of
23.0-25.0%.
END
Contact details
Investor enquiries
Jemma Spalton, Smiths Group
+44 (0)20 7004 1637
+44 (0)78 6739 0350
jemma.spalton@smiths.com
Marion Le Bot, Smiths Group
+44 (0)20 7004 1672
+44 (0)75 8315 4386
marion.lebot@smiths.com
Media enquiries
Andrew Lorenz, FTI Consulting
+44 (0)20 3727 1323
+44 (0)77 7564 1807
smiths@fticonsulting.com
Deborah Scott, FTI Consulting
+44 (0)203 727 1459
+44 (0)797 953 7449
smiths@fticonsulting.com
About Smiths Group
Smiths Group is a global technology company listed on the London
Stock Exchange (SMIN) and operates a sponsored level one ADR
programme (SMGZY). A world leader in the practical application of
advanced technologies, Smiths Group delivers products and services
for the medical technology, security & defence, energy, space
& commercial aerospace, construction, transportation and
general industrial markets worldwide. Smiths Group employs c.22,000
colleagues in over 50 countries. For more information visit
www.smiths.com.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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