Volution Group (FAN)

Sector:

Construction and Building Materials

Index:

FTSE 250

501.00p
   
  • Change Today:
      2.00p
  • 52 Week High: 560.00
  • 52 Week Low: 236.00
  • Currency: UK Pounds
  • Shares Issued: 197.92m
  • Volume: 27,103
  • Market Cap: £991.60m
  • RiskGrade: 270
  • Beta: 0.71

Volution buys ERI for initial €23.4m

By Frank Prenesti

Date: Monday 02 Aug 2021

LONDON (ShareCast) - (Sharecast News) - Volution Group said it had bought Energy Recovery Industries, a maker and supplier of low-carbon, energy efficient heat exchanger cells, for an initial €23.4m.
The company said a further €12.4m could be paid based on stretching targets for the financial results for the year to December 31, 2023.

ERI designs and manufactures a range of aluminium heat exchanger cells for use primarily in commercial heat recovery ventilation systems.

Products are made its factory in Bitola, North Macedonia, and are supplied to heat recovery and air handling unit manufacturers predominantly in Europe, including existing Volution Group companies.

"A comprehensive and pre-existing expansion plan is in progress which will include the acquisition of adjacent land, extension of the factory and further investment in machinery and automation, to support ERI's growth ambitions," Volution said on Monday.

Sales and distribution entities in Italy, Spain and the UK also form part of the transaction, and the founding major shareholder Umberto Fiorentini and his senior management team will remain with the business and continue to lead it post completion.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Volution Group Market Data

Currency UK Pounds
Share Price 501.00p
Change Today 2.00p
% Change 0.40 %
52 Week High 560.00
52 Week Low 236.00
Volume 27,103
Shares Issued 197.92m
Market Cap £991.60m
Beta 0.71
RiskGrade 270

Volution Group Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
93.53% below the market average93.53% below the market average93.53% below the market average93.53% below the market average93.53% below the market average
89.19% below the sector average89.19% below the sector average89.19% below the sector average89.19% below the sector average89.19% below the sector average
Price Trend
92.04% above the market average92.04% above the market average92.04% above the market average92.04% above the market average92.04% above the market average
95.24% above the sector average95.24% above the sector average95.24% above the sector average95.24% above the sector average95.24% above the sector average
Income
23.61% below the market average23.61% below the market average23.61% below the market average23.61% below the market average23.61% below the market average
37.93% below the sector average37.93% below the sector average37.93% below the sector average37.93% below the sector average37.93% below the sector average
Growth
87.83% above the market average87.83% above the market average87.83% above the market average87.83% above the market average87.83% above the market average
89.47% above the sector average89.47% above the sector average89.47% above the sector average89.47% above the sector average89.47% above the sector average

What The Brokers Say

Strong Buy 3
Buy 1
Neutral 2
Sell 0
Strong Sell 0
Total 6
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Volution Group Dividends

  Latest Previous
  Final Interim
Ex-Div 18-Nov-21 25-Mar-21
Paid 16-Dec-21 04-May-21
Amount 4.40p 1.90p

Trades for 01-Dec-2021

Time Volume / Share Price
09:21 23 @ 501.00p
09:18 21 @ 500.00p
09:17 144 @ 500.00p
09:17 402 @ 500.00p
09:16 93 @ 500.00p

Volution Group Key Personnel

CEO Ronnie George
CFO Andy O'Brien

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