Diploma PLC, the international group of specialised businesses supplying technical products and services, is today providing the following update on trading for the year ending 30 September 2012.
The Company anticipates reporting a strong set of results for the year ending 30 September 2012 in line with market consensus. Revenues for the year are expected to be ca. 13% ahead of those reported last year. After adjusting for currency effects and acquisitions, underlying revenues for the year are expected to have increased by ca. 6%. The underlying increase in fourth quarter revenues is likely to be 5% which is unchanged from the third quarter increase. Strong cash flows in the final quarter of the year will result in year end net cash being strongly positive.
Operating margins remain ahead of the prior year, but below the record level of 20.8% reported in the first half of this financial year, as the Group makes good progress with its planned investments in new facilities, IT and senior management to support the future growth of the business.
The Preliminary Results for the year ending 30 September 2012 will be announced on Monday, 19 November 2012. There will be a presentation to analysts of the results at 9.00am, at Butchers' Hall, 87 Bartholomew Close, City of London, EC1A 7EB.
