LONDON (ShareCast) - (Sharecast News) - Ventilation products group Volution said on Thursday that it has made "continued good progress" in the year ending 31 July and now expects adjusted earnings per share to be "slightly ahead" of current consensus estimates of 32.00p.
Volution expects to deliver FY organic revenue growth of more than 5% on a constant currency basis, up from 4% at the half year, while total group revenues were seen more than 20% higher at constant currency, boosted by eight months contribution from Fantech, which was acquired in December 2024.

The FTSE 250-listed firm also expects adjusted operating margins to be "broadly in line with the first half of the year", with operating margins on an organic basis expected to increase modestly, offset by the inorganic dilution from the acquisition of Fantech.

However, Volution did acknowledge that the weakening of overseas currencies, most notably the Australian and New Zealand dollars, had created "a negative translation impact" of approximately £5.0m to revenue and just over £1.0m to adjusted operating profits.

Chief executive Ronnie George said: "Volution has delivered good progress during the second half of the year with organic growth expected to be slightly ahead of our target range of 3-5%.

"Given our good progress in the second half of the year, the board now expects adjusted earnings per share to be slightly ahead of current market consensus for FY25."

As of 1015 BST, Volution shares were up 3.64% at 654.00p.





Reporting by Iain Gilbert at Sharecast.com

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