Diploma PLC Trading Statement (0495G)
22 Julio 2021 - 1:00AM
UK Regulatory
TIDMDPLM
RNS Number : 0495G
Diploma PLC
22 July 2021
DIPLOMA PLC
12 CHARTERHOUSE SQUARE, LONDON EC1M 6AX
TELEPHONE: +44 (0)20 7549 5700
22 JULY 2021
DIPLOMA PLC
Q3 TRADING UPDATE
STRONG Q3 - ON TRACK TO MEET OUR FULL YEAR EXPECTATIONS
Diploma PLC, the international group supplying specialised
products and services, today issues a trading update for the nine
months ended 30 June 2021.
Year to date performance
The Group's performance in the third quarter continued to be
strong and in line with expectations. During the first nine months
of FY 2021:
-- Underlying revenues increased by 11% with very good trading
trends in all three Sectors. Underlying
revenues are ahead of pre-Covid levels, up 6% over the same period in FY 2019.
-- Reported revenue growth was 42%, reflecting a strong
contribution from acquisitions. Windy City Wire continues to
deliver an excellent performance.
-- We continue to focus on managing supply chain pressures and a tightening labour market.
-- Our operating margin remains on track with our full year guidance of towards 19%.
Strategy and acquisitions
We continue to execute our strategy of building high quality
scalable businesses for organic growth, with the positive
performance in the period reflecting our revenue initiatives, a
recovery in demand across our end markets, and the contribution
from acquisitions. The Group's strong balance sheet provides
flexibility for future acquisitions and, while we remain
disciplined in our approach, we have an active pipeline of
opportunities.
Current trading and outlook
Current trading remains strong. Our full year expectations are
positive and unchanged and we remain confident in the Group's long
term prospects.
Our next scheduled update will be on 22 November 2021, when we
will release full year results for the year ending 30 September
2021.
Enquiries:
Diploma PLC - +44 (0)20 7549 5700
Johnny Thomson, Chief Executive Officer
Barbara Gibbes, Chief Financial Officer
Kellie McAvoy, Head of Investor Relations
Tulchan Communications - +44 (0)20 7353 4200
Martin Robinson
Olivia Peters
Further information on Diploma PLC can be found at
www.diplomaplc.com
Notes:
1. This trading update is based upon unaudited management
accounts and has been prepared solely to provide additional
information on trading to the shareholders of Diploma PLC. It
should not be relied on by any other party for other purposes.
Certain statements made in this update are forward-looking
statements. Such statements have been made by the Directors in good
faith using information available up until the date that they
approved this Statement. Forward-looking statements should be
regarded with caution because of the inherent uncertainties in
economic trends and business risks.
2. Diploma PLC uses alternative performance measures as key
financial indicators to assess the underlying performance of the
Group. All references in this Statement to "underlying" revenues
refer to reported results on a constant currency basis, before
acquired or disposed businesses (ex-growth basis) and include
growth generated by acquisitions under our ownership.
3. A copy of this Statement, together with further information
about Diploma PLC, may be viewed on its website at
www.diplomaplc.com
LEI: 2138008OGI7VYG8FGR19
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END
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