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Diploma holds guidance as revenues rise
(Sharecast News) - Distribution group Diploma on Thursday held guidance as revenue grew 13% in the nine months to June 30. Organic revenue growth in year to date of rose 6%, driven by volume-led growth across the group, the company said in a brief trading statement.
For the full year Diploma said it was still expecting constant currency revenue growth of around 16%, comprising 6% organic revenue, and growth from acquisitions of about 10% with an estimated operating margin of 20.5% and free cash flow conversion of 90%.
Reporting by Frank Prenesti for Sharecast.com
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