IMI reaffirms outlook following solid start to the year

(Sharecast News) - Fluid and motion control specialist IMI reaffirmed its full-year outlook on Tuesday, despite the outbreak of war in the Middle East, on the back of a robust first quarter.

Updating on trading, the blue chip said it had made a "good start" to the year, with organic revenues up 5% year-on-year.

In automation, its largest division accounting for around 65% of sales, revenues jumped 6%, while in life technology sales improved 4%.

The Middle East represented around 6% of group revenues in 2025, and IMI confirmed it was now "actively monitoring" the situation following the outbreak of war at the end of February.

However, chief executive Roy Twite said: "We have made a good start to the year, delivering growth across IMI. We are pleased to reconfirm our full-year guidance and remain on track to deliver our sixth consecutive year of mid-single-digit organic revenue growth in 2026.

"IMI remains well-positioned, with a unique market-led approach to innovation, significant recurring high-margin aftermarket exposure and strong pricing power."

IMI also reiterated expectations for full-year adjusted basic earnings per share of between 136p and 142p.

As at 0830 BST, the stock had put on nearly 2% at 2,800p.

IMI, which employs around 10,000 people and has manufacturing operations in 18 countries, is due to publish interim numbers for the period ending 30 June on 31 July.

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