UK's Volution rises as FY profit seen slightly ahead of market view
24/07/2024 10:20
** Shares of ventilation products supplier Volution FAN.L
up 3.5% at 526p, highest since Jan. 2022
** Expects to report FY adj EPS slightly ahead of market
expectations of 26.9p
** Says UK residential revenue has grown strongly, but
expects to post broadly flat organic revenue growth in Europe
and small organic revenue growth in Australasia
** Sees FY group total revenue growth of over 7%, adj
operating margins at around 22%
** Stock up about 21% YTD
(Reporting by Yamini Kalia in Bengaluru)
((Yamini.Kalia@thomsonreuters.com;))