UK's Diploma lifts 2026 forecast on resilient aerospace demand
18/03/2026 07:27
Corrects typographical error in media packaging code March 18 (Reuters) - British technical products and service distributor Diploma DPLM.L on Wednesday raised its fiscal year 2026 guidance, supported by resilient aerospace demand and continued growth in its North American seals business. Here are some key details: The company increased its organic revenue growth forecast to 9% from 6%. The firm also projected earnings growth exceeding 20%, driven by strong returns on capital. It expects an operating margin of about 25%, up from the earlier 22.5% expectation, implying a 13% increase in analyst consensus operating profit forecasts. Analyst consensus for fiscal 2026 adjusted operating profit is 377 million pounds ($503.75 million), according to a company compiled poll. The company said it remains confident in second‑half momentum. ($1 = 0.7484 pounds) (Reporting by Nithyashree R B in Bengaluru; Editing by Nivedita Bhattacharjee) ((NithyashreeRB@thomsonreuters.com))