Diploma increases its 2017 final dividend by 16%

DividendMax Ltd.

Diploma increases its 2017 final dividend by 16%

Diploma 2017 final results

Revenue and adjusted operating profit increased by 18% and 19%, respectively.

Underlying revenues increased by 7%; currency movement increased revenues by 9% and businesses acquired made a net contribution of 2%. 

Adjusted operating margins improved slightly to 17.3% as transactional currency effects eased in the Healthcare businesses and margins improved in the acquired businesses.

Adjusted profit before tax and adjusted EPS both increased by 19% to £77.5m and to 49.8p, respectively.

Strong free cash flow of £55.7m; cash funds of £22.3m at end of September.

Total dividend increased by 15% to 23.0p per share reflecting strong financial position and confidence in Group's growth prospects.

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