Smiths Group has been backed by strong defense and security technology contracts, but annual profits are still falling
- Smiths Group is confident that it will meet market expectations for the full year
- Revenue in the continuing operations decreased 2 percent in the three months ended October 31
FTSE 100 engineering company Smiths Group had a strong performance last quarter after announcing last summer it would cut jobs to improve profit margins.
The company, whose products include airport baggage scanners and explosives detection devices, said it was confident of meeting market expectations fo