IMI delivered a decent set of full year results with a marginal beat on profitability versus the consensus. In 2022, the group took another step forward towards its target of a 20% margin across the cycle and delivered restructuring benefits ahead of the plan. Order growth in Critical was encouraging, whereas orders from Growth Hub exceeded expectations. The board will propose a dividend of 25.7p for 2022. The outlook for 2023 points towards another year of revenue and profit growth.
03 Mar 2023
We like the IMI we see; 2023 will deliver further progress
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We like the IMI we see; 2023 will deliver further progress
IMI plc (IMI:LON) | 1,727 -103.6 (-0.3%) | Mkt Cap: 4,516m
- Published:
03 Mar 2023 -
Author:
Kulwinder Rajpal -
Pages:
3
IMI delivered a decent set of full year results with a marginal beat on profitability versus the consensus. In 2022, the group took another step forward towards its target of a 20% margin across the cycle and delivered restructuring benefits ahead of the plan. Order growth in Critical was encouraging, whereas orders from Growth Hub exceeded expectations. The board will propose a dividend of 25.7p for 2022. The outlook for 2023 points towards another year of revenue and profit growth.