May 09, 2019 / 07:00AM GMT
Operator
Good morning, ladies and gentlemen, and thank you for standing by. Welcome to today's IMI Interim Management Statement Conference Call. (Operator Instructions) I must advise you that this conference is being recorded today, Thursday, 9th of May 2019.
I would now like to hand the conference over to your speaker today, Mr. Roy Twite. Please go ahead, sir.
Roy Twite -
Thank you, Ron, and good morning, everybody, and thank you for taking the time to join us today. I have with me, Mark Selway, Dan Shook, Massimo Grassi. And hopefully, you've had a chance to look at our IMS this morning. I will summarize the key points before we take your questions.
Critical results were as we anticipated. A 12% fall in revenues in the first quarter is consistent with our previous guidance, and we remain confident that the full year will reflect less of a decline in sales given the order backlog and the order phasing.
Our confidence in the full year is also helped by strong orders in the first quarter, including an 11% increase in aftermarket bookings, which will
Q1 2019 IMI PLC Interim Management Statement Call Transcript
Feb 13, 2024
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