IMI PLC Historical Financial Information (8437S)

TIDMIMI

RNS Number : 8437S

IMI PLC

09 November 2023

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       IMI Critical Engineering 
                    Industrial Automation      IMI Precision Industrial 
                                                      Automation 
                  -----------------------  ------------------------------ 
 Life Technology      Climate Control         IMI Hydronic Engineering 
                    Life Science & Fluid       IMI Precision Fluid OEM 
                           Control           IMI Precision Transportation 
                          Transport 
                  -----------------------  ------------------------------ 
 

2. The Rail business (2022 revenue: GBP37m) will be reported within Industrial Automation, previously this was reported within IMI Precision Transpor tation. 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

 
                       Tel: [phone] 
Luke Grant   IMI        374 
Matt Denham  Headland  Tel: [phone] 
                        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.

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November 09, 2023 02:01 ET (07:01 GMT)