CFO appointment Clare Scherrer has informed the Board of her decision to retire from Smiths. She will remain as CFO until 31 Jan and will continue to support a handover through H1’25 results until she leaves on 30 Apr. Julian Fagge, currently President of Smiths Interconnect, has been appointed as the Group's CFO and as an Executive Director to succeed Clare. Julian will take on his new responsibilities with effect from 1 Feb. Upgraded FY25 guidance FY25 organic revenue growth is increased to 6-8% (previously 5-7%), above its medium-term organic revenue growth target. This is driven by a good performance across the Group, with Smiths Detection and Smiths Interconnect stronger than expectations during Q2’25, and improved order book visibility. Operating profit margin guidance is unchanged at a 40-60 basis point expansion in FY25 (FY24 18.4%), supported by delivery of its ‘Acceleration Plan’. New guidance implies a c.3% upgrade to FY25 consensus EPS expectations. Next catalyst H1’25 results due on 25 March 2025.