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IMI PLC (IMI.L)

IMI.L on London Stock Exchange

1,139.00GBp
13 Jul 2018
Change (% chg)

45.00 (+4.11%)
Prev Close
1,094.00
Open
1,120.00
Day's High
1,146.00
Day's Low
1,111.00
Volume
2,256,963
Avg. Vol
1,359,045
52-wk High
1,453.00
52-wk Low
1,004.00

Latest Key Developments (Source: Significant Developments)

IMI Says Expect H1 2018 Organic Revenues To Be Higher Than 2017​
Friday, 2 Mar 2018 02:00am EST 

March 2 (Reuters) - IMI Plc ::FY REVENUE ROSE 6 PERCENT TO 1.751 BILLION STG.FY DILUTED EPS ROSE 24 PERCENT TO 59.7 PENCE.FY BASIC EPS ROSE 11 PERCENT TO 53.6 PENCE.FINAL DIVIDEND UP 2 PERCENT TO 25.2 PENCEPER SHARE.TOTAL DIVIDEND UP 1.8 PERCENT TO 39.4 PENCEPER SHARE.‍IN FIRST HALF OF 2018 WE EXPECT ORGANIC REVENUES TO BE HIGHER THAN FOR SAME PERIOD IN 2017​.ACQUISITION OF BIMBA FOR A TOTAL CONSIDERATION OF £148M (US$198M) WAS COMPLETED ON 31 JANUARY 2018.​.  Full Article

IMI To Acquire Bimba Manufacturing Company For $198 Million​
Thursday, 14 Dec 2017 02:00am EST 

Dec 14 (Reuters) - Imi Plc ::‍AGREES TO ACQUIRE BIMBA MANUFACTURING COMPANY FOR US$198 MILLION​.DEAL WILL BE EARNINGS ENHANCING IN FIRST FULL YEAR OF OWNERSHIP WITH RETURN ON CAPITAL EXCEEDING IMI'S COST OF CAPITAL WITHIN FIRST 3 YEARS​.‍CONSIDERATION FOR TRANSACTION WILL BE US$198 MILLION (£148 MILLION 1 ) PAYABLE IN CASH ON COMPLETION FROM EXISTING BANK FACILITIES​.  Full Article

IMI says HY revenue rose 11 percent to 846 million stg
Friday, 28 Jul 2017 02:00am EDT 

July 28 (Reuters) - IMI PLC ::HALF YEAR REVENUE ROSE 11 PERCENT TO 846 MILLION STG.INTERIM DIVIDEND UP 1.4 PERCENT TO 14.2 PENCEPER SHARE.HALF YEAR DILUTED EPS 27 PENCE VERSUS 19.4 PENCE YEAR AGO.HY REVENUE AT 846 MILLION STG VERSUS 759 MILLION STG YEAR AGO.HY PROFIT BEFORE TAX AT 98 MILLION STG VERSUS 86 MILLION STG YEAR AGO.HY OPERATING PROFIT AT 106 MILLION STG VERSUS 96 MILLION STG YEAR AGO.HY NET DEBT AT 318 MILLION STG VERSUS 334 MILLION STG YEAR AGO.FULL YEAR RESULTS WILL REFLECT BENEFITS FROM ONGOING REORGANISATION ACTIVITIES.IN REMAINDER OF YEAR, ORGANIC REVENUE IS STILL EXPECTED TO BE BELOW LAST YEAR, PRINCIPALLY DRIVEN BY ORDER PHASING IN CRITICAL ENGINEERING.SECOND HALF MARGINS WILL SHOW A MODEST IMPROVEMENT COMPARED WITH SAME PERIOD IN 2016.EXPECT FULL YEAR 2017 RESULTS WILL BE MODESTLY ABOVE CURRENT MARKET EXPECTATIONS.  Full Article

IMI says Q1 revenues 4% high
Thursday, 4 May 2017 02:00am EDT 

May 4 (Reuters) - Imi Plc ::Revenues for Q1 were 4% higher compared to same period last year.On reported basis, Q1 revenues were 18% higher reflecting favourable impact of exchange rate movements.Says now expect organic revenues in first half of 2017 to reflect a smaller reduction than previously indicated when compared to first half of 2016.Says H1 organic revenues are likely to be better than previously indicated, but still lower than H1 of 2016 with margins broadly similar to H1 last year.  Full Article

IMI reports FY EPS of 48 pence
Friday, 24 Feb 2017 02:00am EST 

IMI PLC : FY revenue rose 6 percent to 1.649 billion STG . FY diluted EPS rose 3 percent to 48 pence . FY EPS fell 4 percent to 59.8 pence . Final dividend up 1 percent to 24.7 pence per share . Total dividend up 1 percent to 38.7 pence per share . FY profit before tax £208 million versus £219 million . Expect organic revenues in first half of 2017 to reflect a similar percentage reduction to first half of 2016 .FY dividend per share 38.7p.  Full Article

IMI sees modest Brexit impact, sees FY results in line
Friday, 29 Jul 2016 02:00am EDT 

IMI Plc : H1 revenue 759m stg versus 765m stg . H1 profit before tax 86m stg versus 107m stg . Transactional impact of brexit is expected to be modest . Interim dividend up 1 percent to 14 pence per share .Expect full year 2016 results will be in line with current market expectations.  Full Article

BRIEF-IMI Says Q1 2018 Reflect Continuation Of Improved Trading Experienced Across Group Through 2017

* RESULTS IN Q1 OF 2018 REFLECT A CONTINUATION OF IMPROVED TRADING EXPERIENCED ACROSS GROUP THROUGH 2017