Diploma Plc (LON:DPLM), the international value-add distribution group, has issued 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
Diploma’s next scheduled update is our half year results on 20 May 2025.
