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  5. IMI ups guidance but warns of currency headwinds

Pin to quick picksIMI Share News (IMI)

IMI Information

Share Price Information for IMI (IMI)

London Stock Exchange
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Share Price: 1,883.00
Bid: 1,882.00
Ask: 1,884.00
Change: 28.00 (1.51%)
Spread: 2.00 (0.106%)
Open: 1,878.00
High: 1,892.00
Low: 1,875.00
Prev. Close: 1,855.00
IMI Live PriceLast checked at -

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IMI ups guidance but warns of currency headwinds

Thu, 04th Nov 2021 08:43

(Sharecast News) - Specialist engineering firm IMI said Thursday lifted earnings guidance after a better-than-expected third-quarter performance, but warned of exchange rate headwinds for the full year.
The company on Thursday said revenue for the three months to September 30 rose 6% to £453m. Sales and operating profits for the period were higher on an organic basis than last year and pre-pandemic 2019.

IMI said revenue and profit in the full year would be adversely affected by 4% to 5% if exchange rates in early November continued for the rest of the year.

Adjusted earnings per share were now expected to be 88p - 92p.
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