March 6 (Reuters) - British specialist engineering company IMI on Friday forecast mid-single-digit organic revenue growth for 2026, citing resilient demand in its automation segment, and announced a
IMI Forecasts 2026 Revenue Growth on Automation and Unveils £500M Buyback
IMI's Financial Performance and Strategic Initiatives
Revenue Growth Forecast and Share Buyback
March 6 (Reuters) - British specialist engineering company IMI on Friday forecast mid-single-digit organic revenue growth for 2026, citing resilient demand in its automation segment, and announced a 500-million-pound ($668.15 million) share buyback programme.
After-Market Services and Sector Investments
Contribution of After-Market Services
IMI has been supported by its growing after-market services, now accounting for about 45% of total revenue, boosted by investments in energy, healthcare, and automation.
Dividend Increase and Profit Results
Dividend Growth
The Birmingham-headquartered company increased its final dividend by 10% to 23.2 pence per share, bringing the total 2025 dividend to 34.2 pence apiece.
Annual Profit Performance
It reported a 6% rise in adjusted annual pretax profit to 442 million pounds for the year ended December 31.
Currency Exchange Rate
($1 = 0.7483 pounds)
Reporting Credits
(Reporting by Nithyashree R B in Bengaluru; Editing by Sumana Nandy and Sherry Jacob-Phillips)
