IMI PLC (STU:IMI1)

€ 22.4 0.2 (0.9%) Market Cap: 5.75 Bil Enterprise Value: 6.48 Bil PE Ratio: 19.08 PB Ratio: 4.40 GF Score: 80/100

Q1 2019 IMI PLC Interim Management Statement Call Transcript

May 09, 2019 / 07:00AM GMT

Release Date Price: €11.23 (-3.77%)

Transcript

Operator

Good morning, ladies and gentlemen, and thank you for standing by. Welcome to today's IMI Interim Management Statement Conference Call. (Operator Instructions) I must advise you that this conference is being recorded today, Thursday, 9th of May 2019.

I would now like to hand the conference over to your speaker today, Mr. Roy Twite. Please go ahead, sir.

Roy Twite

Thank you, Ron, and good morning, everybody, and thank you for taking the time to join us today. I have with me, Mark Selway, Dan Shook, Massimo Grassi. And hopefully, you've had a chance to look at our IMS this morning. I will summarize the key points before we take your questions.

Critical results were as we anticipated. A 12% fall in revenues in the first quarter is consistent with our previous guidance, and we remain confident that the full year will reflect less of a decline in sales given the order backlog and the order phasing.

Our confidence in the full year is also helped by strong orders in the first quarter, including an 11% increase in aftermarket bookings, which will

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