'Well positioned' IMI backs outlook after first quarter sales growth
IMI PLC on Tuesday said it is on track to deliver a sixth consecutive year of mid-single-digit organic revenue growth as it reported a ‘good start to the year.’
The Birmingham, England-based engineering firm said organic revenue rose 5% year-on-year in the quarter, while statutory revenue was 6% higher, helped by foreign currency movements.
Process Automation, 44% of 2025 sales, organic revenue was up 6% in the quarter, Industrial Automation, 21% of 2025 sales, organic revenue increased by 6% year on year, and Life Technology, 35% of 2025 sales, organic revenue grew by 4%.
The FTSE 100 listing confirmed guidance for 2026 adjusted basic earnings per share of between 136 pence to 142p, up compared to 132.3p in 2025.
‘Our guidance assumes that conditions allow for planned shipments to the Middle East to be delivered by the end of the financial year. Whilst we remain alert to the potential indirect impact of the conflict, we expect to manage any inflationary pressures through price increases where necessary.’ IMI said.
IMI said it is actively monitoring the situation in the Middle East, which accounted for 6% of 2025 revenue.
Chief Executive Roy Twite said: ‘IMI remains well positioned, with a unique market-led approach to innovation, significant recurring high-margin aftermarket exposure and strong pricing power. Our strong balance sheet and significant cash generation continue to support investment, shareholder returns and strategic flexibility.’
Shares in IMI rose 1.0% to 2,786.00 pence each in London on Tuesday morning.
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