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10-11
CHARTERHOUSE SQUARE, LONDON EC1M 6EE
TELEPHONE:
+44 (0)20 7549 5700
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18 July
2024
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STRONG PERFORMANCE
CONTINUES
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Diploma PLC ("Diploma" or the "Company"), the international value-add
distribution group, today issues a trading update for the nine
months ended 30 June 2024.
· Strong Q3 performance in-line
with our expectations: continuing
into the final quarter.
· Organic revenue growth in
year to date of 6%: volume-led
growth across the Group with Controls, Seals and Life Sciences
performing as expected.
· Reported revenue growth in
year to date of 13%: with a 10%
contribution from acquisitions partly offset by a (3)% impact from
foreign exchange.
· Smooth onboarding of
acquisitions: Peerless and PAR Group
acquired into Controls and Seals Sectors in Q3.
· Strong operating
margin: in line with our
expectations.
Full
year outlook positive and unchanged
· Constant currency revenue growth of ca. 16%, comprising ca. 6%
organic revenue, and growth from acquisitions of ca. 10%
· Strong
operating margin of ca. 20.5%
· EPS
growth of ca. 15%
· Free
cash flow conversion of ca. 90%.
Johnny Thomson, Chief Executive
Officer, and Chris Davies, Chief Financial Officer, will host a
conference call for analysts and investors this morning at 8:00am
(UK time).
Conference call dial in details:
•
Dial in: +44 (0) 33 0551 0200
•
Password: Diploma Q3 results
Our next scheduled update is our
full year results on 19 November 2024.
END
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For further information please
contact:
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Diploma PLC -
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+44 (0)20 7549 5700
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Johnny Thomson, Chief Executive
Officer
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Chris Davies, Chief Financial
Officer
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Holly Gillis, Head of Investor
Relations
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Teneo -
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+44 (0)20 7353 4200
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Martin Robinson
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Camilla Cunningham
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NOTE TO EDITORS:
Diploma PLC is a decentralised,
value-add distribution Group. Our businesses deliver practical and
innovative solutions that keep key industries moving - from energy
and infrastructure to healthcare.
We are a distribution group with a
difference. Our businesses have the technical expertise, specialist
knowledge, and long-term relationships required to deliver
value-add products and services that make our customers' lives
easier. These value-add solutions drive customer loyalty, market
share growth and strong margins.
Our decentralised model means our
specialist businesses are agile and empowered to deliver the right
solutions for their customers, in their own way. As part of
Diploma, our businesses can also leverage the additional resources,
opportunities and expertise of a large, international and
diversified Group to benefit their customers, colleagues, suppliers
and communities.
We employ c.3,500 colleagues across
our three Sectors of Controls, Seals and Life Sciences. Our
principal operating businesses are located in the UK, Northern
Europe, North America and Australia.
Over the last fifteen years, the
Group has grown adjusted earnings per share (EPS) at an average of
ca. 15% p.a. through a combination of organic growth and
acquisitions. Diploma is a member of the FTSE 100.
Further information on Diploma PLC
can be found at www.diplomaplc.com
Diploma hosted an Investor Seminar in
June 2023. A recording is available on our website:
https://www.diplomaplc.com/investors/results-reports-presentations/investor-seminar-2023/
The person responsible for releasing
this Announcement is John Morrison, Group Company
Secretary.
LEI:
2138008OGI7VYG8FGR19