UK's Diploma hits record high after lifting annual revenue forecast

Diploma

20/05/2025 09:15

** Shares of British technical products and service distributor Diploma DPLM.L jump 16.9% to 4,934 pence, an all-time high

** Diploma raises its full-year organic revenue growth forecast to up 8% vs up 6% it expected earlier

** Reports better-than-expected H1 adj operating profit, driven by Peerless acquisition last year, according to Jefferies

** H1 adj operating profit rises 25% to 156.9 mln pounds, above 4% of Jefferies consensus of 150.5 mln pounds

** "Peerless delivered strong double-digit growth during the first half, winning market share and continuing to benefit from strong customer demand in the civil aerospace, space and defence markets, says Jefferies

** As of last close, shares down ~1% YTD

 (Reporting by Rupali Chaudhary in Bengaluru)

 ((Rupali.Chaudhary@thomsonreuters.com))