Diploma PLC

DPLM

Equity

ISIN GB0001826634 / Valor 1075906

LSE London Stock Exchange, SETS (2024-09-16)

GBP 45.52+1.29%

Diploma PLC
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About company

Diploma PLC is a dynamic distribution group with operations in North America, UK, Europe, and Australia. The company focuses on delivering value-add solutions to its customers through its agile and decentralised businesses. Diploma PLC's business model is centered around making customers' lives easier by providing a range of products and services tailored to their needs. With a strong presence in multiple regions, Diploma PLC is able to serve a diverse customer base and adapt to changing market conditions effectively.

Summarized from source with an LLMView SourceSector: Technology

Revenue Growth

Diploma PLC reported a 10% increase in revenue for the first half of 2024, reaching £638.3 million compared to £582.8 million in the same period of 2023. This growth was driven by a 5% organic revenue increase, with acquisitions contributing an additional 8%, partially offset by a 3% adverse impact from foreign exchange translation.

Operating Profit

Adjusted operating profit for Diploma PLC rose by 14% to £125.4 million in the first half of 2024, up from £109.7 million in the first half of 2023. The adjusted operating margin also improved by 80 basis points to 19.6%, reflecting the company's value-add proposition, operational leverage, disciplined cost management, and accretive acquisitions.

Cash Flow

Diploma PLC's free cash flow increased significantly by 28% to £66.3 million in the first half of 2024, compared to £51.8 million in the same period of the previous year. The free cash flow conversion rate also improved to 76%, up from 70% in the first half of 2023, indicating effective working capital management.

Earnings Per Share

Adjusted earnings per share (EPS) for Diploma PLC grew by 10% to 65.1p in the first half of 2024, compared to 59.1p in the first half of 2023. This continues the company's long-term trend of double-digit EPS growth, with a compound annual growth rate (CAGR) of 15% over the past 15 years.

Interim Dividend

Diploma PLC declared an interim dividend of 17.3p per share for the first half of 2024, up from 16.5p per share in the first half of 2023. This reflects the company's strong financial performance and commitment to returning value to shareholders.

Summarized from source with an LLMView Source

Key figures

45.6%1Y

43.8%3Y

174%5Y

Performance

24.7%1Y

29.8%3Y

31.4%5Y

Volatility