Smiths Group shares rose 4.6% in early European trading on Tuesday after the British industrial engineering company reported full-year results above analyst expectations and forecast faster revenue growth over the next year. According to Sina Finance, the stock was among the top gainers in the FTSE 100 and had risen 15% year to date.

For the fiscal year ended July 31, continuing operations generated revenue of 1.94 billion pounds and organic revenue rose 1.2%. According to Sina Finance, analysts had expected revenue of 1.92 billion pounds and organic growth of 1.2%.

The company said underlying operating profit was 399 million pounds, with organic growth of 1.9%, and the underlying operating margin increased from 20.5% to 20.6%. According to Sina Finance, the market consensus had put the margin at 20.2%.

For fiscal 2027, Smiths Group expects organic revenue growth of about 4% and an underlying operating margin of about 21%. Jefferies analysts wrote in a note to clients that the guidance may be better than the market's earlier pessimistic expectations.