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Diploma's underlying revenues up 11%

By BFN News | 09:56 AM | Thursday 22 July, 2021

Diploma PLC has seen an 11% rise in underlying revenues, with very good trading trends in all three of its sectors. In a trading statement for the nine months ended 30 June 2021, the company said underlying revenues are now ahead of pre-Covid levels, up 6% over the same period in FY2019. Reported revenue growth was 42%, reflecting a strong contribution from acquisitions, while the company's operating margin remains on track with full year guidance of towards 19%. The Group's strong balance sheet provides flexibility for future acquisitions and, while it remains disciplined in its approach, Diploma said it has an 'active pipeline of opportunities'. Story provided by

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