skip to content

Interim Results

Revenue at Diploma boosted by currency movements

15 May 2017 07:13

Diploma reported that revenue and adjusted operating profit both increased by 21%, while adjusted operating margin was maintained at 17.2%.


- Underlying revenue increased by 6%; currency movements increased revenues by 14% and businesses acquired made a net contribution of 1%.

- Adjusted profit before tax increased by 22% to £37.1m and adjusted EPS increased by 23% to 23.9p.

- Strong free cash flow performance; net cash of £14.8m at the end of March 2017 with significant resources available.

- Two acquisitions completed in April 2017 bring total acquisition expenditure this year to around £16m.

- Interim dividend rose by 13% to 7p per share reflecting confidence in its growth prospects.


- In Life Sciences, underlying revenues was up 2%, with strong consumable and service revenues more than offsetting weaker capital equipment sales in certain businesses.

- In Seals, underlying revenues increased by 2%, with strengthening revenues in the North American Aftermarket partly offset by slower Industrial markets and reduced demand in certain International markets.

- In Controls, underlying revenues was up 16%, driven by new project activity and recovery in some end user markets, against the background of relatively weak comparatives.

Story provided by

Related Company: HLCL

Info Point:

To buy or sell shares call our Dealing Room on 0113 243 6941.

Too much jargon? Our glossary will help make sense of things.

Find out more about our Share Dealing Services.

Client Area Access

» Secure Login

» Not registered yet?


Branch Finder

Redmayne-Bentley have High Street branches throughout the UK. Find your nearest branch.