Purpose-led strategy delivering improved margins and sustainable, profitable growth
Group aligned to attractive growth markets, supported by global macro-trends
Well-balanced portfolio offers through-cycle resilience
Strong balance sheet offering strategic flexibility whilst maintaining financial discipline
Our sustainable solutions enable the energy efficiency, sustainability and safety of our customers
Key sectors
Process Automation
Percent of 2023 sales: 37%
Market growth trends
Energy security
Decarbonisation
Efficiency & safety
IMI growth target: 5%
Industrial Automation
Percent of 2023 sales: 25%
Market growth trends
Labour productivity & shortages
Reshoring
Mass customisation
IMI growth target: 5%
Climate Control
Percent of 2023 sales: 18%
Market growth trends
Energy efficiency & comfort
Smart buildings
Regulation
IMI growth target: 5%+
Life Science & Fluid Control
Percent of 2023 sales: 12%
Market growth trends
Demographics
Healthcare demand
Scientific advances
IMI growth target: 5% - 10%
Transport
Percent of 2023 sales: 8%
Market growth trends
Emissions reduction
Safety & comfort
Regulation
IMI growth target: 3% - 5%
Our financial framework
Financial framework through-cycle
Organic growth
5%
Adjusted operating margin
20%
Cash conversion
90%
Return on invested capital
>12%
Our values
Always care
Be curious
Create impact