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Pin to quick picksIMI Share News (IMI)

Share Price Information for IMI (IMI)

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Share Price: 1,882.00
Bid: 1,878.00
Ask: 1,880.00
Change: -10.00 (-0.53%)
Spread: 2.00 (0.106%)
Open: 1,906.00
High: 1,911.00
Low: 1,878.00
Prev. Close: 1,882.00
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IN BRIEF: IMI posts higher quarterly revenue, confirms guidance

Thu, 05th May 2022 11:49

IMI PLC - Birmingham-based engineering firm - Increases quarterly revenue, as its order book grows. Revenue rises by 9% from GBP421 million a year ago. The company does not give non-percentage numbers for new revenue figures. Firm says order book grew due to increasing customer intimacy, market-led innovation and reducing complexity,

Points out IMI Precision business grew by 16%, while newly acquired Adaptas from the life sciences sector posted a "strong performance", IMI says. In March, the firm ended all new business in and international deliveries to Russia. "Russia accounted for 2% of group revenue in 2021," it explains.

Reiterates guidance from February, expecting full year adjusted earnings per share to exceed 100 pence.

Current stock price: 1,410.00 pence, up 4.5% on Thursday

12-month change: down 13%

By Tom Budszus; tombudszus@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.

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30 May 2022 10:04

IMI buys German automation firm Bahr Modultechnik for EUR98 million

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30 May 2022 07:01

IMI buys Bahr Modultechnik for £83m

(Sharecast News) - Specialist engineer IMI said it planned to buy Germany's Bahr Modultechnik Holding for an enterprise value of €98m (£83m).

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