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Strong pound hits sales at Smiths' medical systems

This article was originally published in Clinica

Executive Summary

The strong pound continues to have an adverse affect on Smiths Industries' medical systems division, which reported sales of £306 million ($480 million) in the year ended August, up only 1% on the previous year. The division is the company's most profitable sector with margins of over 24%, and generates 38% of its total profits.

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