(Reuters) – Britain’s Smiths raised its outlook for annual organic revenue growth on Wednesday after the engineering company posted a 15.8% rise in turnover in the first quarter. quarter.

The company now expects full-year organic revenue growth of 5-7%, up from its previous forecast of 4-6%.

Smiths Group, which operates in the aerospace, security and energy sectors, said it expects its operating profit margin to increase by 0.40 to 0.60 percentage points. percentage in 2025.

The company, known for its baggage screening equipment and explosives detectors commonly found in airports, announced the resumption of its stock buyback program.

The buyout amount will increase from 100 million pounds to 150 million pounds ($191.03 million), it said, after deciding not to pursue a possible acquisition it was considering.

($1 = 0.7852 pounds)

(Reporting by Shanima A and Chandini Monnappa in Bengaluru; editing by Subhranshu Sahu and Janane Venkatraman)