REG - Diploma PLC - 1st Quarter Results

DiplomaAnnouncement

15/01/2025 07:00

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RNS Number : 3105T  Diploma PLC  15 January 2025

     10-11 CHARTERHOUSE SQUARE, LONDON EC1M 6EE

     TELEPHONE: +44 (0)20 7549 5700

 

15 January 2025

 

 STRONG START TO THE YEAR

 

 

Diploma PLC ("the Company"), the international value-add distribution group,
today issues a trading update for the three months ended 31 December 2024,
ahead of the Company's Annual General Meeting today at 9.00am.

 

 

·      Strong Q1 performance, in line with expectations.

 

·      Organic revenue growth of 7%. Underlying trends by Sector remain
broadly consistent with the prior year.

 

·      Reported revenue growth of 12%, with a 7% contribution from
acquisitions partly offset by a 2% impact from foreign exchange.

 

·      Strong operating margin, in line with our expectations.

 

·      Full year guidance unchanged: Organic revenue growth of ca. 6%,
net acquisition growth of ca. 2%, and strong operating margin of ca. 21%.

 

 

Johnny Thomson, Chief Executive Officer, and Chris Davies, Chief Financial
Officer, will host a conference call for analysts and investors this morning
at 8:00am (UK time).

 

Conference call dial in details:

• Dial in: +44 (0) 33 0551 0200

• Password: Diploma Q1

 

 

Our next scheduled update is our half year results on 20 May 2025.

 

END

 

 

 For further information please contact:

 Diploma PLC -                             +44 (0)20 7549 5700
 Johnny Thomson, Chief Executive Officer
 Chris Davies, Chief Financial Officer
 Holly Gillis, Head of Investor Relations

 Teneo -                                   +44 (0)20 7353 4200
 Martin Robinson
 Camilla Cunningham

 

 

 

 

 

 

NOTE TO EDITORS:

 

Diploma PLC is a decentralised, value-add distribution Group. Our businesses
deliver practical and innovative solutions that keep key industries moving -
from energy and infrastructure to healthcare.

 

We are a distribution group with a difference. Our businesses have the
technical expertise, specialist knowledge, and long-term relationships
required to deliver value-add products and services that make our customers'
lives easier. These value-add solutions drive customer loyalty, market share
growth and strong margins.

 

Our decentralised model means our specialist businesses are agile and
empowered to deliver the right solutions for their customers, in their own
way. As part of Diploma, our businesses can also leverage the additional
resources, opportunities and expertise of a large, international and
diversified Group to benefit their customers, colleagues, suppliers and
communities.

 

We employ c.3,600 colleagues across our three Sectors of Controls, Seals and
Life Sciences. Our principal operating businesses are located in the UK,
Northern Europe, North America and Australia.

 

Over the last fifteen years, the Group has grown adjusted earnings per share
(EPS) at an average of ca. 15% p.a. through a combination of organic growth
and acquisitions. Diploma is a member of the FTSE 100.

 

Further information on Diploma PLC can be found at www.diplomaplc.com
(http://www.diplomaplc.com)

 

 

The person responsible for releasing this Announcement is John Morrison, Group
Company Secretary.

LEI: 2138008OGI7VYG8FGR19

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