Last checked at 9 Nov 2023 07:01
9 November 2023
Historical financial information
Following the announcement of its new sector aligned operating model in July 2023, IMI has today published historical pro-forma financial information for 2022 and 2023 H1 reflecting the new structure.
This historical pro-forma financial information is unaudited, and reflects the following changes:
1. To build on the opportunities for growth, IMI has been organised into an Automation platform and a Life Technology platform. Sector focused teams will bring us even closer to our customers and accelerate Better World growth.
Platform | Sector | Previous Name |
Automation | Process Automation Industrial Automation | IMI Critical Engineering IMI Precision Industrial Automation |
Life Technology | Climate Control Life Science & Fluid Control Transport | IMI Hydronic Engineering IMI Precision Fluid OEM IMI Precision Transportation |
2. The Rail business (2022 revenue: £37m) will be reported within Industrial Automation, previously this was reported within IMI Precision Transportation. Transport will now focus on the Commercial Vehicle market.
3. Corporate costs have been allocated to Platform results and will no longer be reported separately.
Pro-forma financial information reflecting 1, 2 and 3 above for 2022 and 2023 H1 is available on our corporate website at https://www.imiplc.com/investors/results-and-presentations/year/2023.
These changes have no impact on reported Group financial information which remains unchanged.
Enquiries
Luke Grant | IMI | Tel: +44 (0)7866 148 374 |
Matt Denham | Headland | Tel: +44 (0)7551 825 496 |
Notes
IMI plc is a specialist engineering company operating in fluid and motion control markets. We combine our deep engineering knowledge with strong applications expertise to develop solutions for the most acute industry problems. We help our customers become safer, more sustainable and more productive. IMI employs around 10,000 people, has manufacturing facilities in 19 countries and operates a global service network. The Company is listed on the London Stock Exchange and is a constituent of the FTSE4Good Index. Further information is available at www.imiplc.com.
References to adjusted figures reflect figures as reported to management and do not include the impact of adjusting items. References to organic changes are on a constant currency basis and exclude disposals and acquisitions.
IMI plc is registered in England No. 714275. Its legal entity identifier ('LEI') number is 2138002W9Q21PF751R30.