IMI (IMI)

Sector:

Engineering

Index:

FTSE 100

1,815.00p
   
  • Change Today:
      1.00p
  • 52 Week High: 1,828.51
  • 52 Week Low: 1,425.00
  • Currency: UK Pounds
  • Shares Issued: 261.47m
  • Volume: 509,941
  • Market Cap: £4,745.62m
  • RiskGrade: 142

IMI contains direct impact of Covid-19 in Q3

By Iain Gilbert

Date: Thursday 29 Oct 2020

LONDON (ShareCast) - (Sharecast News) - Specialist engineering company IMI said on Wednesday that it had managed to contain the direct impact of the Covid-19 pandemic.
IMI said its "strategic market-led innovation programme" continued to gain traction across all divisions throughout the three months ended 30 September, with initial orders won on a number of its early growth accelerator projects.

The FTSE 250-listed firm added that good progress was being made with its restructuring initiatives and stated it remained on track to deliver its targeted structural savings of £30.0m for 2020.

IMI stated overall trading in the third quarter had been "somewhat better" than previous expectations, with revenues for the period being just 1% lower on an organic basis when compared to 2019 and, when including the impact of foreign exchange movements and acquisitions, flat on an adjusted basis.

"The results were supported by additional surge sales within our ventilator business of £40m in the third quarter," said IMI.

"We now estimate the full-year effect of this ventilator demand surge will be a one-off revenue benefit of £85m, versus the expectation of £70.0m reported in our July half-year results."

Based on current market conditions, the resilient trading of the third quarter, and no significant escalation of coronavirus-related disruption, IMI now expects full-year 2020 adjusted earnings per share of 74.0p to 78.0p.

As of 0810 GMT, IMI shares were down 0.28% at 1,063.0p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

IMI Market Data

Currency UK Pounds
Share Price 1,815.00p
Change Today 1.00p
% Change 0.06 %
52 Week High 1,828.51
52 Week Low 1,425.00
Volume 509,941
Shares Issued 261.47m
Market Cap £4,745.62m
RiskGrade 142

IMI Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
94.97% below the market average94.97% below the market average94.97% below the market average94.97% below the market average94.97% below the market average
70.59% below the sector average70.59% below the sector average70.59% below the sector average70.59% below the sector average70.59% below the sector average
Price Trend
79.43% above the market average79.43% above the market average79.43% above the market average79.43% above the market average79.43% above the market average
60.00% above the sector average60.00% above the sector average60.00% above the sector average60.00% above the sector average60.00% above the sector average
Income
79.82% below the market average79.82% below the market average79.82% below the market average79.82% below the market average79.82% below the market average
62.5% below the sector average62.5% below the sector average62.5% below the sector average62.5% below the sector average62.5% below the sector average
Growth
32.96% below the market average32.96% below the market average32.96% below the market average32.96% below the market average32.96% below the market average
69.7% below the sector average69.7% below the sector average69.7% below the sector average69.7% below the sector average69.7% below the sector average

What The Brokers Say

Strong Buy 6
Buy 6
Neutral 6
Sell 0
Strong Sell 0
Total 18
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

IMI Dividends

  Latest Previous
  Final Interim
Ex-Div 04-Apr-24 10-Aug-23
Paid 17-May-24 15-Sep-23
Amount 19.20p 9.10p

Trades for 28-Mar-2024

Time Volume / Share Price
16:35 244,051 @ 1,815.00p
16:35 791 @ 1,815.00p
16:35 791 @ 1,815.00p
16:35 956 @ 1,815.00p
16:35 237 @ 1,815.00p

IMI Key Personnel

CEO Roy Twite
Finance Director Daniel Shook
Chair Smith of Kelvin

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