LONDON (ShareCast) - (Sharecast News) - Ventilation products supplier Volution anticipates that its results for the trading year ended 31 July will be in line with expectations.
Volution saw revenues increase 14.6% to £236m, of which 12 percentage points came from acquisitions. Organic growth came to 2.6%.

In the UK, Volution benefitted from a return to growth in public residential repair maintenance and improvement (RMI) of 5.3%, partly as a result of a "significant enhancement" made to its product portfolio and sales processes over the last two years.

Private residential RMI grew 1.7% year-on-year, with accelerating growth in the second half of 3.8%.

Residential new build systems grew 8.6%, supported by regulatory drivers relating to carbon-efficient residential dwellings and commercial revenues increased 4.1%.

Elsewhere, Volution said its project of rationalising two older facilities into one new purpose-built facility in Reading was now complete, with the AIM-listed group noting that service levels had "returned to normal", leaving it with "substantial capacity headroom to support future growth".

Looking forward, chief executive Ronnie George said: "Whilst there continues to be significant uncertainty in the UK economy as a consequence of plans to leave the EU, our considerable investment in new products, our leading brands, our increasing geographic diversity and the breadth of our product portfolio, gives us confidence in the future."

As of 0915 BST, Volution shares had picked up 0.84% to 179.50p.

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