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

Q3 2023 IMI PLC Interim Management Statement Call Transcript

Nov 09, 2023 / 08:00AM GMT

Release Date Price: €17.38 (+1.76%)

Transcript

Roy M. Twite

IMI plc - CEO & Director

Good morning, everybody. Thank you for taking the time to join us today. I'm joined here as usual by Dan, our Finance Director. I'm just going to take a moment to summarize a few key points from our IMS and then we will take your questions.

And I'd like to begin by thanking all of our employees all around the world for their dedication to delivering our purpose-led strategy, breakthrough engineering for a better world. We continue to create solutions that help our customers become safer, more sustainable and more productive. And it's been another good performance in the third quarter, with group revenue up 5% versus the third quarter of last year and up 3% on an organic basis. Margins also improved as we further reduce complexity, expanded the aftermarket opportunity in automation and delivered further growth in our attractive end markets.

Now as previously announced, we adopted a sector-focused structure in July. And reporting is now aligned across 2 platforms. The new structure has been really well received, and we are already feeling the

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