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KPIs

Business performance is measured through Group–wide targets and improvement measures.

Each IMI business participates in an annual round of planning meetings with the Executive Committee, during which performance and future plans for that business are reviewed and updated. The Key Performance Indicators (KPIs) set out below represent financial and non–financial targets which are integral to the delivery of the new strategy.

Organic revenue growth

Y-axis % Bar Color Font Color
2014 2 #e5e5e6 #666666
2015 -5 #e5e5e6 #666666
2016 -5 #0054a1 #FFFFFF

Organic revenue growth excludes the impact of acquisitions, disposals and foreign exchange movements. The revenues from acquisitions are only included in the current year for the period during which the revenues were also included in the prior period. In 2016, the Group's continuing businesses experienced a drop in organic revenue of 5%.

Segmental operating profit

Y-axis Millions(£) Bar Color Font Color
2014 298.1m #e5e5e6 #666666
2015 239.4m #e5e5e6 #666666
2016 227.7m #0054a1 #FFFFFF

In 2016, Group segmental operating profit was £228m compared to £239m representing a reduction of 5% on a reported basis. On an organic basis, after adjusting for the favourable impact of exchange rates and acquisitions and disposals, segmental operating profit was lower by 17%.

Lost time accident rate

Y-axis LTA Bar Color Font Color
2014 0.11 #e5e5e6 #666666
2015 0.14 #e5e5e6 #666666
2016 0.07 #0054a1 #FFFFFF

The health and safety of all our employees remains paramount. We measure our progress in this area by tracking our >1 day lost time accident frequency rate ('LTA rate'). In 2016, our LTA rate improved relative to 2015. Our work to reduce workplace hazards and integrate health and safety audits with the Group lean audit programme in 2016 had a very positive impact on our performance.

Lean score

Y-axis % Bar Color Font Color
Year end 2014 46 #e5e5e6 #666666
Year end 2015 59 #e5e5e6 #666666
Year end 2016 66 #0054a1 #FFFFFF

During the year we continued to improve our lean scores and moved closer towards achieving Group-wide worldclass operational performance. Our highest score is now 94% and the average has increased from 31% when we first benchmarked the business in 2014 to 66% in the year-end 2016 assessment process.

Return on capital employed

Y-axis % Bar Color Font Color
2014 18.3 #e5e5e6 #666666
2015 14.3 #e5e5e6 #666666
2016 12.5 #0054a1 #FFFFFF

Return on capital employed ('ROCE') is defined as segmental operating profit after tax divided by capital employed. In 2016 ROCE was 12.5% which compares to 14.3% in 2015 and reflects the reduced operating profit impacted by market headwinds.