04 March 2009 - IMI plc Preliminary Results

IMI plc, the international engineering business, today announced its preliminary results for the year ended 31 December 2008.

	2008		2007		% change
Revenue	£1,901m		£1,599m		+19
Segmental operating profit Adjusted profit before tax*	£266.3m £254.7m		£207.8m £205.5m		+28 +24
As reported:
Operating profit	£209.8m		£171.7m		+22
Profit before tax	£176.0m		£171.0m		+3
Adjusted earnings per share **	54.1p		41.9p		+29
Basic earnings per share	35.4p		35.4p
Restructuring costs	£19.6m		£22.0m		-11
Total dividend for year	20.7p		20.2p		+2

“This is a good set of results with most of the businesses contributing positively to another period of solid organic growth. As the global economic slowdown has taken hold over the last few months trading conditions have deteriorated sharply across parts of the group. However, the Group retains a healthy balance sheet and good cash generation. The repositioning of the Group over the last few years with a focus on higher added value products and more resilient end markets, together with lower operating costs resulting from our restructuring programme will help the Group to face the challenges in 2009."

To read the full press release in Acrobat PDF format please click here.

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