Organic revenues were 3% higher than in Q3 16, mainly driven by the solid growth in the Precision Engineering segment (organic revenues +9% yoy). Sales in Industrial automation were 11% higher than in Q3 16 with growth across all three regions. Guidance by segments: Critical Engineering: organic revenue in H2 should be lower than H2 16, FY margin should slightly increase vs. last year, both of which are in line with expectations. Precision Engineering: organic revenue and margin are expected
09 Nov 2017
Revenue growth driven by strong sales in the Precision Engineering segment
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Revenue growth driven by strong sales in the Precision Engineering segment
IMI plc (IMI:LON) | 1,726 138 0.5% | Mkt Cap: 4,512m
- Published:
09 Nov 2017 -
Author:
Marzio Foa - Pages:
Organic revenues were 3% higher than in Q3 16, mainly driven by the solid growth in the Precision Engineering segment (organic revenues +9% yoy). Sales in Industrial automation were 11% higher than in Q3 16 with growth across all three regions. Guidance by segments: Critical Engineering: organic revenue in H2 should be lower than H2 16, FY margin should slightly increase vs. last year, both of which are in line with expectations. Precision Engineering: organic revenue and margin are expected