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IMI plc

IMI.L

Latest Trade

1,762.00GBp

Change

-58.00(-3.19%)

Volume

197,926

Today's Range

1,758.00

 - 

1,840.00

52 Week Range

1,012.00

 - 

1,862.00

As of on the London Stock Exchange (LON) ∙ Minimum 15 minute delay

Latest Developments

IMI Plc Says Carl-Peter Forster To Step Down As Non-Exec Director

July 30 (Reuters) - IMI PLC <IMI.L>::IMI PLC - DIRECTORATE CHANGE.CARL-PETER FORSTER WILL BE STEPPING DOWN AS A NON-EXEC DIRECTOR.

IMI Plc H1 Underlying Pretax Profit 137 Million Stg

July 30 (Reuters) - IMI PLC <IMI.L>::H1 UNDERLYING PRETAX PROFIT ROSE 18 PERCENT TO 137 MILLION STG.H1 PRETAX PROFIT 123 MILLION STG VERSUS 94 MILLION STG YEAR AGO.H1 ADJUSTED OPERATING PROFIT ROSE 17 PERCENT TO 142 MILLION STG.H1 REVENUE ROSE 5 PERCENT TO 907 MILLION STG.H1 DILUTED EARNINGS PER SHARE 31.2 PENCE VERSUS 27.3 PENCE YEAR AGO.H1 BASIC EARNINGS PER SHARE 31.3 PENCE VERSUS 27.3 PENCE YEAR AGO.INTERIM DIVIDEND INCREASED BY 5%.FY 2021 GUIDANCE INCREASED TO ADJUSTED EPS OF 85P TO 90P, INCLUDING BUYBACK IMPACT.

IMI Plc Raises Guidance For 2021 Full Year Adj EPS To 81p To 87p

April 26 (Reuters) - IMI PLC <IMI.L>::INTERIM MANAGEMENT STATEMENT.HAVE ACCELERATED RESTRUCTURING ACTIVITIES AND NOW EXPECT FULL YEAR BENEFITS OF C.£22M..INCREASING GUIDANCE FOR 2021 FULL YEAR ADJUSTED EPS TO 81P TO 87P (FROM 75P TO 82P).WILL BECOME A SUSTAINABLE 18% TO 20% MARGIN BUSINESS OVER TIME.NOW EXPECT SURGE IN COVID-RELATED FY 2020 SALES TO REPRESENT HEADWIND TO FY 2021 RESULTS OF ABOUT £75M TO £80M (PREVIOUS GUIDANCE C.£82M).COVID RELATED HEADWINDS OF £75M TO £80M IN LIFE SCIENCES.HAS DETERMINED THAT INITIATING A SHARE BUY-BACK IS NOW APPROPRIATE.ANNOUNCING TODAY A PROGRAMME TO BUY-BACK SHARES TO AN APPROXIMATE VALUE OF £200M.2021 FULL YEAR FINANCIAL RESULTS ARE EXPECTED TO BE IMPACTED BY EXCHANGE RATES.SHOULD RATES IN EARLY APRIL CONTINUE FOR REMAINDER OF YEAR, RESULTS FOR BOTH REVENUE & PROFITS IN FULL YEAR WOULD BE ADVERSELY IMPACTED BY 4-5%.

IMI FY Pretax Profit Rose 13 Percent To 214 Million Stg

Feb 26 (Reuters) - IMI PLC <IMI.L>::FY ADJUSTED PRETAX PROFIT 274 MILLION STG VERSUS 251 MILLION STG YEAR AGO.FY PRETAX PROFIT ROSE 13 PERCENT TO 214 MILLION STG.FY REVENUE FELL 3 PERCENT TO 1.825 BILLION STG.FY ADJUSTED BASIC EARNINGS PER SHARE 79.7 PENCE VERSUS 73.2 PENCE YEAR AGO.FY ADJUSTED OPERATING PROFIT ROSE 7 PERCENT TO 285 MILLION STG.RECOMMENDING A FINAL DIVIDEND OF 15.0P (2019: 26.2P).ASSUMING NO WORSENING IMPACT FROM CORONAVIRUS, EXPECT GROUP TO DELIVER 2021 ADJUSTED EARNINGS PER SHARE OF BETWEEN 75P AND 82P.

IMI plc Now Expects Full Year Adj EPS To Be Between 65p And 70p

July 24 (Reuters) - IMI PLC <IMI.L>::HY GROUP REVENU £867M VERSUS. £910M LAST YEAR.HY ADJUSTED OPERATING PROFIT £121M VERSUS. £118M LAST YEAR.HY OPERATING MARGIN 14.0% VERSUS. 13.0% LAST YEAR.IN ADDITION TO INTERIM 2020 DIVIDEND PER SHARE OF 7.5P.HY NET DEBT OF £420M VERSUS. £516M LAST YEAR.SAYS REINSTATEMENT OF 2019 FINAL DIVIDEND.NOW EXPECT FULL YEAR 2020 ADJUSTED EARNINGS PER SHARE TO BE BETWEEN 65P AND 70P.

IMI Suspends 2019 Final Dividend Payment, Qtrly Organic Rev Down 5%

May 7 (Reuters) - IMI PLC <IMI.L>::IMI PLC - INTERIM MANAGEMENT STATEMENT & CORONAVIRUS UPDATE.IMI PLC - FOLLOWING OUR LAST UPDATE ON 30 MARCH, WE CAN REPORT A TOTAL OF 26 CONFIRMED CASES OF CORONAVIRUS ACROSS IMI.IMI PLC - ALTHOUGH ITALIAN FACILITIES WITHIN IMI CRITICAL WERE IMPACTED IN APRIL, THEY HAVE ALL RETURNED TO PRODUCTION.IMI PLC - ORGANIC REVENUES FOR THREE MONTHS TO END OF MARCH WERE 5% LOWER WHEN COMPARED TO Q1 LAST YEAR.IMI - ON AN ADJUSTED BASIS, REVENUES WERE 5% LOWER FOR THREE MONTHS TO END OF MARCH.IMI PLC - CONTINUE TO ACCELERATE OUR COST REDUCTION PROGRAMS.IMI PLC - NOW EXPECT FULL YEAR RESTRUCTURING BENEFITS OF £28M AND A FURTHER £30M OF OTHER COST CONTAINMENT INITIATIVES.IMI PLC - UNTIL SUFFICIENT TIME HAS PASSED TO OFFER GREATER INSIGHT, WE REFRAIN FROM OFFERING GUIDANCE.IMI PLC - IMI PRECISION ORGANIC REVENUES IN THREE MONTHS TO END OF MARCH WERE 9% LOWER THAN SAME PERIOD IN 2019.IMI PLC - SUSPENSION OF 2019 FINAL DIVIDEND PAYMENT.IMI PLC - 20% SALARY REDUCTION FOR BOARD, EXECUTIVE COMMITTEE AND MEMBERS OF OUR SENIOR LEADERSHIP TEAM.IMI PLC - CONTINUING, SUCCESSFUL INITIATIVES IN RATIONALISATION, VALUE-PRICING AND MATERIAL COST REDUCTION..IMI PLC - REDUCTION IN TEMPORARY WORKERS, INCREASE IN SHORT TIME WORKING, AND TIGHT CONTROLS ON DISCRETIONARY SPENDING..

IMI Says Coronavirus Disruption To Businesses In First Two Months Of Yr Relatively Modest

March 30 (Reuters) - IMI PLC <IMI.L>::IMI PLC - GROUP HAD IMMEDIATELY AVAILABLE LIQUIDITY OF £393M.IMI PLC - DISRUPTION FROM CORONAVIRUS TO OUR BUSINESSES IN FIRST TWO MONTHS OF YEAR HAS BEEN RELATIVELY MODEST.IMI PLC - OPERATIONS IN CHINA WERE DISRUPTED FOR TWO WEEKS IN EARLY FEBRUARY, BUT HAVE SINCE RETURNED TO NORMAL OPERATIONS.IMI PLC - HIRING FREEZE IN ALL BUT EXCEPTIONAL CIRCUMSTANCES, REDUCED DISCRETIONARY SPENDING, AND REDUCTIONS TO CAPITAL EXPENDITURE.IMI PLC - BOARD AND EXECUTIVE COMMITTEE MEMBERS HAVE AGREED TO A 20% SALARY REDUCTION, EFFECTIVE 1 MAY, FOR AT LEAST NEXT THREE MONTHS.IMI PLC - BOARD HAS DECIDED TO WITHDRAW ITS RECOMMENDATION TO PAY A FINAL DIVIDEND AT AGM IN MAY, THEREBY PRESERVING £71M OF FUNDS.IMI PLC - BELIEVE IT IS NOW PRUDENT TO WITHDRAW GUIDANCE FOR FIRST HALF OF 2020.

IMI Sees Lower H1 2020 Organic Rev Due To Coronavirus Impact

Feb 28 (Reuters) - IMI PLC <IMI.L>::FY REVENUE FELL 2 PERCENT TO 1.873 BILLION STG.BOARD IS RECOMMENDING THAT FINAL DIVIDEND IS INCREASED BY 1% TO 26.2P.EXPECT FIRST HALF ORGANIC REVENUES TO BE LOWER THAN FIRST HALF OF 2019, GIVEN END MARKET WEAKNESS IN FACTORY AUTOMATION AND COMMERCIAL VEHICLE SECTORS."OUR CONTINUING BUSINESS IMPROVEMENT INITIATIVES ARE EXPECTED TO ENABLE US TO MAINTAIN OUR MARGINS IN FIRST HALF OF YEAR".FY ADJUSTED OPERATING PROFIT OF 266 MILLION STG.FY OPERATING MARGIN 14.2% VERSUS 14%.RATIONALISATION CHARGES FOR 2020 ARE EXPECTED TO BE C.£45M, WITH SAVINGS OF C.£25M IN YEAR.CURRENTLY EXPECT H1 2020 ORGANIC SALES AND PROFITS IN PRECISION ENGINEERING UNIT TO BE C.7%-10% LOWER THAN IN SAME PERIOD IN 2019.

IMI Sees H2 Organic Rev Decline Similar To That In H1

Nov 7 (Reuters) - IMI PLC <IMI.L>::IMS AND STRATEGY REVIEW CONCLUSIONS."GOOD" PROGRESS IS BEING MADE WITH GROUP'S RECENTLY ANNOUNCED BUSINESS IMPROVEMENT AND COST-REDUCTION INITIATIVES.TRADING IN Q3, FOR EACH OF DIVISIONS, HAS CONTINUED LARGELY AS EXPECTED.REVENUES FOR Q3 WERE, ON AN ORGANIC BASIS, 2% LOWER COMPARED TO 2018.DESPITE LOWER SALES, GROUP ACHIEVED "HIGHER" MARGINS IN QUARTER.IN SECOND HALF OF 2019 WE CONTINUE TO EXPECT THAT ORGANIC REVENUE WILL EXPERIENCE A DECLINE SIMILAR TO THAT IN FIRST HALF.EXPECT FULL YEAR 2019 RESULTS TO BE IN-LINE WITH CURRENT MARKET EXPECTATIONS.PRECISION ENGINEERING REVENUES IN THREE MONTHS TO END OF SEPTEMBER WERE 4% LOWER COMPARED TO SAME PERIOD LAST YEAR.SALES IN INDUSTRIAL AUTOMATION WERE 7% LOWER IN Q3 WHEN COMPARED TO Q3 OF 2018.HYDRONIC ENGINEERING ORGANIC REVENUES IN THREE MONTHS TO END OF SEPTEMBER WERE 2% HIGHER.IMI CRITICAL HAS PLACED UNDER REVIEW LOWER-MARGIN BUSINESSES ACCOUNTING FOR 20%-30% OF REVENUE.IMI PRECISION IS TARGETING A FURTHER £35M ANNUALISED SAVINGS FROM A NEW C.£75M MULTI-YEAR RESTRUCTURING.NOW EXPECT FULL-YEAR GROUP CHARGE IN 2019 TO BE C.£55M DUE TO RESTRUCTURING.

IMI PLC Says HY Adj Rev From Cont Ops £910 Mln Vs. £915 Mln

July 26 (Reuters) - IMI PLC <IMI.L>::IMI PLC SAYS HY ADJUSTED REVENUE FROM CONTINUING OPERATIONS £910 MILLION VERSUS. £915 MILLION.IMI PLC SAYS HY ADJUSTED OPERATING PROFIT £118 MILLION VERSUS £120M MILLION.IMI PLC SAYS HY ADJUSTED OPERATING MARGIN 13.0% VERSUS. 13.1%.

Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.

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