H2 16 revenue was £890m (+12.4% yoy). The operating profit was £131m, slightly above consensus estimates. The net profit came in at £77m, broadly in line with expectations. By division: 1) Critical Engineering: H2 16 revenues rose 9% yoy, to £366m; the EBIT margin was 14.0% (vs. 15.9% in H2 15). The order intake fell by 7% yoy, led by Oil & Gas (-13% yoy for the full year) and Fossil Power (-23%). 2) Precision Engineering: revenues were £367m (+14.7% yoy). Th
24 Feb 2017
Guidance for 2017 in line with expectations
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Guidance for 2017 in line with expectations
IMI plc (IMI:LON) | 1,822 18.2 0.1% | Mkt Cap: 4,765m
- Published:
24 Feb 2017 -
Author:
Marzio Foa -
Pages:
2
H2 16 revenue was £890m (+12.4% yoy). The operating profit was £131m, slightly above consensus estimates. The net profit came in at £77m, broadly in line with expectations. By division: 1) Critical Engineering: H2 16 revenues rose 9% yoy, to £366m; the EBIT margin was 14.0% (vs. 15.9% in H2 15). The order intake fell by 7% yoy, led by Oil & Gas (-13% yoy for the full year) and Fossil Power (-23%). 2) Precision Engineering: revenues were £367m (+14.7% yoy). Th