UK's IMI projects 2026 organic revenue growth on resilient automation demand (updated)
06/03/2026 07:45
Adds details and context from paragraph 2 onwards March 6 (Reuters) - British specialist engineering company IMI IMI.L 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. 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. 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. It reported a 6% rise in adjusted annual pretax profit to 442 million pounds for the year ended December 31. ($1 = 0.7483 pounds) (Reporting by Nithyashree R B in Bengaluru; Editing by Sumana Nandy and Sherry Jacob-Phillips) ((NithyashreeRB@thomsonreuters.com))