28
IMI plc
Business performance is measured through Group-wide targets and improvement measures.
Each IMI business participates in an annual round of planning meetings with the Executive
Committee, during which performance and future plans for that business are reviewed and
updated. These business plans have all been aligned with the Group’s new growth strategy
which was announced in August 2014 and details of which are set out on pages 8 to 23 of this
Annual Report. The Key Performance Indicators (KPIs) set out below represent the financial
and non-financial targets which are integral to the delivery of the new strategy.
Organic revenue growth excludes the
impact of acquisitions, disposals and
foreign exchange rate movements.
The revenues from acquisitions are only
included in the current year for the period
during which the revenues were also
included in the prior period. In 2014,
the Group’s continuing businesses
grew by 2% on an organic basis.
Our strategic ambition is to double the
Group’s 2014 operating profits over the
next five years. In 2014 Group segmental
operating profit was £298.1m compared
to £321.6m in 2013 representing a
decrease of 7% on a reported basis.
On an organic basis, after adjusting
for the adverse impact of exchange
rates and acquisitions and disposals,
segmental operating profit was down 1%.
Segmental operating profit
£300.1m £321.6m
£298.1m
400
300
200
100
2012
Millions
2013
2014
Organic revenue growth
4%
1%
2%
6
5
4
3
2
1
2012
%
2013
2014
Measurements and targets
