Business
Preliminary results, year ended 31 December 2016
Preliminary results, year ended 31 December 2016.
About this update from Imi Plc
[{"type":"text","content":"\n \nRNS Number : 7365X IMI PLC 24 February 2017 \n\n24 February 2017 \nPreliminary results, year ended 31 December 2016 \nFor a printer friendly copy of this announcement, please click on the link below to open a PDF version:\n\nhttp://www.rns-pdf.londonstockexchange.com/rns/7365X_-2017-2-23.pdf\n \n\n\n\n\n \n\n\nReported1\n\n\nStatutory\n\n\n\n\nContinuing operations:\n\n\n2016\n\n\n2015\n \n\n\nChange\n\n\nOrganic4\n\n\n2016\n\n\n2015\n \n\n\nChange\n\n\n\n\nRevenue\n\n\n£1,649m\n\n\n£1,557m\n\n\n+6%\n\n\n-5%\n\n\n£1,657m\n\n\n£1,567m\n\n\n+6%\n\n\n\n\nOperating profit\n\n\n£228m\n\n\n£239m\n\n\n-5%\n\n\n-17%\n\n\n£188m\n\n\n£186m\n\n\n+1%\n\n\n\n\nOperating margin\n\n\n13.8%\n\n\n15.4%\n\n\n-160bps\n\n\n-200bps\n\n\n \n\n\n \n\n\n \n\n\n\n\nProfit before tax\n\n\n£208m\n\n\n£219m\n\n\n-5%\n\n\n \n\n\n£165m\n\n\n£163m\n\n\n+1%\n\n\n\n\nBasic EPS2\n\n\n59.8p\n\n\n62.2p\n\n\n-4%\n\n\n \n\n\n48.3p\n\n\n47.2p\n\n\n+2%\n\n\n\n\nOperating cash flow3\n\n\n£246m\n\n\n£232m\n\n\n+6%\n\n\n \n\n\n \n\n\n \n\n\n \n\n\n\n\nDividend per share\n\n\n38.7p\n\n\n38.4p\n\n\n+1%\n\n\n \n\n\n \n\n\n \n\n\n \n\n\n\n\nNet debt\n\n\n£283m\n\n\n£237m\n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n\n\n \n\n\n\n\n1 Excluding the effect of items reported as exceptional in the income statement.\n2 Statutory amounts for Basic EPS include both continuing and discontinued operations. \n3 Operating cash flow, as described in note 9 to the financial statements.\n4 Change shown after adjusting for exchange rates and excluding the impact of acquisitions and disposals. \n\n\n\n\n\n\n \nKey points\n· Significant progress on strategic initiatives\n· &nbs...