IMI delivers 5% organic profit growth, reaffirms full-year guidance

Published 01/08/2025, 10:06

Investing.com -- Engineering group IMI PLC (LON:IMI) reported 2% organic revenue growth and 5% organic adjusted operating profit growth for the first half of 2025, reaffirming its full-year earnings guidance despite challenges from a cyber incident earlier in the year.

The FTSE 100 company saw its adjusted operating margin increase by 30 basis points to 18.2% compared to the same period last year.

Statutory revenue decreased by 1%, primarily due to foreign exchange movements, while statutory operating margin fell 160 basis points to 14.5%. Shares in IMI rose 0.8% following the announcement.

Process Automation delivered an "outstanding performance" with 8% organic sales growth and an order book now 5% higher than June 2024.

Industrial Automation sales declined 4% organically, though the company noted improving trends and catch-up shipments expected in the second half.

The Life Technology division saw a 1% organic revenue decline, with Climate Control up 5% on strong demand for energy-efficient solutions, while Life Science & Fluid Control and Transport segments fell 5% and 9% respectively.

"The growth strategy launched in 2019 has fundamentally transformed IMI, materially strengthening our competitive position, driving a step change in customer satisfaction, market-led innovation and operational efficiency and laying the ground for compounding organic growth," said Roy Twite, Chief Executive Officer.

The company reported adjusted operating cash flow up 21%, though free cash flow was lower due to a cyber incident in the first quarter and a £26 million loan to its UK pension scheme.

IMI completed a £200 million share buyback and proposed a 10% increase in its interim dividend to 11.0p per share.

IMI reconfirmed its full-year guidance, expecting adjusted basic earnings per share between 129p and 136p, and remains on track to deliver its fourth consecutive year of mid-single digit organic revenue growth.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers
© 2007-2025 - Fusion Media Limited. All Rights Reserved.