AGM Trading Update

Volution Group plc

10 December 2025

 

Wednesday 10 December 2025

Volution Group plc

Trading Update for 4 months ended 30 November 2025

  Good start to FY 2026 and acquisition of AC Industries

Volution Group plc ("Volution" or "the Group" or "the Company", LSE: FAN), a leading international designer and manufacturer of energy efficient indoor air quality solutions, announces its trading update for the four months ended 30 November 2025 ("the period"), ahead of its Annual General Meeting which is being held later today.

FY26 has started well, with organic revenue growth at constant currency of c.5%.  All three regions delivered organic growth in the period, against what continues to be a varied, but generally challenging backdrop. Combined with inorganic growth of 25% from the prior year acquisition of Fantech and a small benefit from foreign exchange, total revenue growth for the first four months was just over 30%.

Our continued focus on operational excellence and driving product cost improvements through engineering and procurement initiatives means that operating margins have remained strong, with organic adjusted operating margins consistent with prior year.

With good organic revenue growth, the inorganic benefit from the Fantech acquisition in December 2024 and strong operating margin performance in the period, we expect to deliver another year of good growth in revenue, operating profit and cash generation. 

Acquisition of AC Industries

In a separate statement released this morning, the Group announced that it has signed an agreement to acquire the AC Industries business ("ACI"), based in Sydney, Australia, for an initial AUD$150 million (approximately £75 million) on completion on a cash and debt free basis, followed by further contingent consideration of up to AUD$28.9 million (approximately £14.5 million).  The acquisition is expected to complete in February 2026 and will be immediately earnings accretive. Further information relating to this acquisition can be found in the statement.

-Ends-

For further information: 

Volution Group plc
Ronnie George, Chief Executive Officer	[phone]
Andy O'Brien, Chief Financial Officer	[phone]
FTI Consulting	[phone]
Richard Mountain

Volution Group plc Legal Entity Identifier: 213800EPT84EQCDHO768.

Note to Editors:

Volution Group plc (LSE: FAN) is a leading international designer and manufacturer of energy efficient indoor air quality solutions.  Volution Group comprises 29 key brands across three regions:

UK: Vent-Axia, Manrose, Diffusion, National Ventilation, Airtech, Breathing Buildings, Torin-Sifan.

Continental Europe: Fresh, PAX, VoltAir, Kair, Air Connection, Rtek, inVENTer, Ventilair, ClimaRad, ERI Corporation, VMI, I-Vent.

Australasia: Simx, Ventair, Manrose, DVS, Fantech, Ideal Air, NCS Acoustics, Air Design, Major Air, Systemaire, Burra Steel.

For more information, please go to: www.volutiongroupplc.com

Cautionary statement regarding forward-looking statements

This document may contain forward-looking statements which are made in good faith and are based on current expectations or beliefs, as well as assumptions about future events. You can sometimes, but not always, identify these statements by the use of a date in the future or such words as "will", "anticipate", "estimate", "expect", "project", "intend", "plan", "should", "may", "assume" and other similar words. By their nature, forward-looking statements are inherently predictive and speculative and involve risk and uncertainty because they relate to events and depend on circumstances that will occur in the future. You should not place undue reliance on these forward-looking statements, which are not a guarantee of future performance and are subject to factors that could cause our actual results to differ materially from those expressed or implied by these statements. The Company undertakes no obligation to update any forward-looking statements contained in this document, whether as a result of new information, future events or otherwise.

 

END