15th Jan 2025 08:48
Diploma PLC - London-based supplier of specialised technical products and services - Reports a positive start to financial 2025 ahead of its annual general meeting on Wednesday, with its first quarter performance "strong" and in line with expectations. Says underlying revenue growth of 7% was realised in the three months to December 31, with underlying sector trends remaining consistent on-year. Adds that reported revenue increased by 12% with acquisition contributions of 7% partly offset by a 2% foreign exchange impact. Reports a strong first quarter operating margin, in line with its expectations, and notes that its full-year guidance remains unchanged. Guides organic revenue growth of approximately 6%, net acquisition growth of about 2% and an operating margin of around 21%.
The firm's next scheduled update is its interim results, scheduled for May 20.
Current stock price: 4,228.00 pence, up 3.6% on Wednesday morning in London
12-month change: up 26%
By Christopher Ward, Alliance News reporter
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