IMI PLC (STU:IMI1)

€ 22.2 0.2 (0.91%) Market Cap: 5.71 Bil Enterprise Value: 6.44 Bil PE Ratio: 18.91 PB Ratio: 4.36 GF Score: 80/100

IMI PLC Trading Statement Call Transcript

Nov 04, 2021 / 08:00AM GMT

Release Date Price: €20.4 (+7.37%)

Transcript

Roy M. Twite

IMI plc - CEO & Director

Good morning, everybody, and thanks for taking the time to join us today. I'm joined on the call as usual with Dan, our Finance Director. And I do hope that you've had a chance to have a look at our IMS first thing this morning. I'm going to summarize a few key points, and then we'll take your questions.

To begin with, I think, I would like to thank all of our employees around the world for their continuing dedication as we make accelerated progress with our strategy to deliver sustainable, profitable growth, while always, of course, looking to keep our people safe and our communities safe as well.

The key messages today for us are the third quarter trading has been a bit better than we expected with underlying demand also remaining good. And in fact, positive enough for us to increase EPS guidance to 88p to 92p subject, of course, to no significant change in the market environment. The main drivers of our Q3 results have been better trading in Hydronics and an acceleration of the structural savings in IMI Critical.

Secondly, we're

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