Diploma reports solid first-quarter performance
Diploma
4,498.00p
17:15 23/01/25
Diploma reported a robust first-quarter performance on Wednesday, with reported revenue growth of 12% for the three months ended 31 December.
FTSE 100
8,565.20
16:44 23/01/25
FTSE 350
4,695.86
16:39 23/01/25
FTSE All-Share
4,647.52
16:59 23/01/25
Support Services
11,017.06
16:39 23/01/25
The FTSE 100 company said organic revenue growth reached 7%, while acquisitions contributed an additional 7%, partially offset by a 2% negative impact from foreign exchange.
It noted that underlying trends across its sectors remained consistent with the prior year, while operating margins were strong, aligning with expectations.
Full-year guidance remained unchanged, with projections for 6% organic revenue growth, 2% net acquisition growth, and an operating margin of around 21%.
Diploma said its next update would be its half-year results on 20 May.
At 1050 GMT, shares in Diploma were up 3.67% at 4,323p.
Reporting by Josh White for Sharecast.com.