Archived article
Please note that tax, investment, pension and ISA rules can change and the information and any views contained in this article may now be inaccurate.
IMI PLC - Birmingham-based engineering firm - Increases quarterly revenue, as its order book grows. Revenue rises by 9% from £421 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%
Copyright 2022 Alliance News Limited. All Rights Reserved.