DPLM – Diploma – interim announcement

DPLM announced its interim results for 6 m/e 21-Mar-2012. Market isn’t enthusiastic about the results, as share price is down 2.4% against the All Share down 2.0%. Anyway, here’s the upshot:

Revenues +13%, free cash flow + 33%, basic EPS +24%, interim dividends +20%. I could imagine worse.

The Group has delivered a very good set of results against challenging comparatives and boosted by the strong activity in the Group’s North American Seals businesses. The Group has a resilient business model, a strong balance sheet and is well diversified by geography and business area. With continuing robust trading activity in the Group’s major business areas, combined with contributions from new acquisitions, the Board is confident that the Group should make further progress in the second half of the year.

Diploma’s businesses are focussed on supplying essential products and services which are funded by the customers’ operating rather than their capital budgets, providing recurring income and stable revenue growth.

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About mcturra2000

Computer programmer living in Scotland.
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