24th Mar 2016 07:56
LONDON (Alliance News) - Diploma PLC on Thursday said revenue in the first half of its financial year should be around 9% ahead of the comparable period the year before, following acquisitions it has made over the past year.
The technical products and services provider said the businesses acquired during the past year have made a good contribution to revenue in the six months ending March 31, at around 8%. Currency movements, however, will hit revenue by about 1%.
In the life sciences sector, underlying revenue is expected to show good growth, with strong sales of capital equipment, but reported revenue will be broadly flat due to unfavourable currency movements.
Operating margin, however, will be around 100 basis points lower in the half year due to initial lower operating margins in the acquired businesses.
Diploma will release its first-half results on May 16.
By Karolina Kaminska; [email protected] @KarolinaAllNews
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