Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N
IMI.L - IMI PLC
Full Year 2024 IMI PLC Earnings Call
Feb 28, 2025 / 09:00AM GMT
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Presentation
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Unidentified_1 [1]
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Good morning everybody and welcome to IMI's 2024 preliminary results presentation. I am joined here as usual by Dan Shirk, our CFO.
And the first thing to say is that 2024 was another strong year for IMI demonstrating the success of our growth strategy that we put in place five years ago. We delivered 4% organic sales growth and 10% organic adjusted operating profit growth.
Adjusted operating margins we're up another 100 basis points at 19.7%, and given the confidence we have in the business, we are increasing our medium-term margin target to 20% plus.
Our return on invested capital remains strong, and we had another good year of cash generation with more to come. In fact, over the next 3 years, we expect to generate in excess
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