- IMI
- 01 August 2025 07:19:57
Source: Sharecast
The company, which builds products used in fluid and motion control applications, reported revenues of £1.09bn for the six months to 30 June, down 1% on last year due to currency movements.
However, on an organic basis, revenues rose by 2%, as a 1% fall in the Life Technology business – due to weakness in the life science, fluid control and transport sectors – was outweighed by a 3% improvement in the Automation division.
Operating profits rose 1% to £198m, helped by an improvement in operating margins to 18.2% from 17.9%.
Operating cash flow improved 21% compared with last year to £158m, which IMI said was a result of its "disciplined approach to capital allocation", helping it to raise its interim dividend by 10% to 11p per share.
Looking ahead, the company expects organic revenue growth to pick up to a mid-single digit rate for 2025 as a whole.
"There is strong momentum in our business heading into the second half, underpinned by a record order book in Process Automation, continued strong demand in Climate Control, improving trends and catch-up shipments in Industrial Automation, and supportive order books in both Transport and Life Science & Fluid Control," said chief executive Roy Twite.