Specialist engineering company IMI plc (IMI.L), on Thursday, issued a trading update for the first quarter of 2025, and reconfirmed its full-year guidance, expecting mid-single-digit organic revenue growth despite a modest decline in first-quarter organic revenue while group margins were up.
The Process Automation Aftermarket segment demonstrated strong momentum, with orders increasing by 19% organically in the first quarter. The overall Process Automation order book is now 13% higher than in March 2024.
Additionally, IMI reported continued strong demand for its energy-efficient solutions in Climate Control. However, the Automation segment experienced a 4% decline in revenue due to temporary disruptions caused by a cyber incident earlier in the year. Industrial Automation revenue fell by 7%, reflecting subdued industrial conditions in Europe and the Americas.
Life Technology revenue declined by 2% organically, with Climate Control showing a 4% increase due to sustained demand for energy-efficient products. Meanwhile, Life Science and Fluid Control revenue remained flat, and Transport revenue dropped by 16%, as expected, following strong growth in the first quarter of 2024.
IMI has announced a strategic review of its Transport sector to assess its ability to meet medium-term financial targets. Despite strong performance within its end market, the company aims to ensure alignment with its financial framework. The Transport sector accounted for 8% of IMI's revenue in 2024.
The company remains confident in its ability to navigate external challenges, including proposed tariffs and foreign exchange fluctuations. IMI has reaffirmed its full-year adjusted earnings per share guidance, projecting a range of 129p - 136p. The company continues to monitor market conditions and remains agile in responding to opportunities for further growth.
For comments and feedback contact: editorial@rttnews.com
Business News
May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.