IMI plc Preliminary Results - 8 March 2004
IMI plc, the major international engineering group, today announced its preliminary results for the year ended 31 December 2003.
|
2003
| 2002
|
|
|
|
 |
| Sales |
£1573m |
£1612m |
| Results before rationalisation & restructuring costs* |
|
|
| Operating profit from continuing businesses |
£153.5m |
£145.6m |
| Profit before tax |
£142.6m |
£131.5m |
| Adjusted earnings per share |
26.8p |
25.0p |
| Interest cover |
14x |
9x |
| Rationalisation & restructuring costs |
£5.7m |
£32.2m |
| Profit before tax |
£117.2m |
£74.3m |
| Earnings per share |
20.1p |
15.7p |
| Borrowings |
£136.3m |
£173.5m |
| Gearing |
25% |
33% |
|
|
|
* Before goodwill amortisation and exceptional items
- Improving volumes
- Increased profit and earnings
- Strong cash generation and balance sheet
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