IMI PLC (FRA:IMI1)

€ 21.6 0.2 (0.93%) Market Cap: 5.45 Bil Enterprise Value: 6.17 Bil PE Ratio: 18.74 PB Ratio: 4.32 GF Score: 82/100

Half Year 2024 IMI PLC Earnings Call Transcript

Jul 26, 2024 / 07:00AM GMT

Release Date Price: €21.2 (-0.93%)

Transcript

Roy Twite

IMI PLC - Chief Executive, Executive Director

Good morning everyone and welcome to IMI's 2024 Interim Results Presentation. I'm joined here as usual by Dan Shook, our CFO. Before I start, I would like to let you know that after nearly 10 years with IMI, Dan Shook, Group CFO, has decided to step down from the IMI Board in 2025.

I got to say that Dan has been an absolutely fantastic partner to me. Particularly over the last five years, there's a genuine CEO and CFO partnership. I would certainly miss that one eventually tells you that now. But between now and then, there will be many opportunities for me to thank him for his incredible contributions to IMI.

We'll obviously now start a process to find his successor. This slide covers the key messages in the presentation. The first thing to say is that the first half performance was completely in line with expectations. We delivered 5% organic sales growth and 6% organic adjusted operating profit growth. The adjusted operating margin was up another 10 basis points.

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