# Volution Group reports positive organic growth momentum and margin expansion

- Link: https://www.directorstalkinterviews.com/volution-group-reports-positive-organic-growth-momentum-and-margin-expansion/4121180788
- Published: 2024-12-11T07:45:58+00:00
- Author: Amilia Stone

**Volution Group plc **(LON:FAN), a leading international designer and manufacturer
of energy efficient indoor air quality solutions, has announced an update on trading
covering the four months ended 30 November 2024, ahead of its Annual General Meeting
which is being held later today.

Revenue for the four months ended 30 November 2024 was c. £123 million, up 1.3% 
versus the prior year.  Organic growth at constant currency was 2.5%. There was 
no inorganic growth in the period. The Group adjusted operating margin has again
improved compared to FY 2024, underpinned by our operational excellence programme,
the introduction of new products to the market and our ongoing focus on value engineering
and input cost initiatives. Free cash flow has remained consistent driven by good
trading and continued focus on working capital.

Similar to the prior financial year, revenue performance has been strongest in UK
residential, where our product solutions introduced over recent years to address
the 2021 Building Regulations continue to gain share with housebuilder customers.
We have also seen an improvement in revenue in Continental Europe with ClimaRad 
in the Netherlands performing strongly, whilst the introduction of Group products
is contributing to growth in France.  In Australasia the year has started well in
Australia, though as previously reported the New Zealand market remains challenging
and trading activity levels have been weak.

We continue to make good progress with our ESG initiatives, most notably utilisation
of recycled plastics in our production facilities with the already strong performance
in the UK being complemented by a major step up in recycled plastic usage in the
Nordics.

With positive organic growth momentum and margin expansion in the first four months
of the year, together with the recently announced completion of the Fantech acquisition,
Volution Group expect to deliver another year of good growth in both revenue and
operating profit.

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