Diploma reports solid first-quarter performance
By Josh White
Date: Wednesday 15 Jan 2025
(Sharecast News) - Diploma reported a robust first-quarter performance on Wednesday, with reported revenue growth of 12% for the three months ended 31 December.
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.
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