H1 results: Revenue came in at £846m (+11% yoy), in line with consensus expectations, and the operating profit was £106m, also in line with consensus. The results were ahead of management’s expectations. By division: • Critical Engineering: revenues were up 3% yoy, to £308m; the operating margin was 11.2% (vs. 11.3% in H1 16). The order intake increased by 11%, mainly driven by a strong Petrochemicals and good orders for Gas Processing and Refinery projects in Chi
28 Jul 2017
Interim results in line with expectations
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Interim results in line with expectations
IMI plc (IMI:LON) | 1,822 0 0.0% | Mkt Cap: 4,765m
- Published:
28 Jul 2017 -
Author:
Marzio Foa -
Pages:
3
H1 results: Revenue came in at £846m (+11% yoy), in line with consensus expectations, and the operating profit was £106m, also in line with consensus. The results were ahead of management’s expectations. By division: • Critical Engineering: revenues were up 3% yoy, to £308m; the operating margin was 11.2% (vs. 11.3% in H1 16). The order intake increased by 11%, mainly driven by a strong Petrochemicals and good orders for Gas Processing and Refinery projects in Chi