Margins ease at Diploma

Specialised technical products and services provider Diploma expects results for the year to the end of September will be in line with market consensus.

Revenues are tipped to be around 13% ahead of the previous year, with underlying revenues advancing by some 6%.

Fourth quarter revenues are set to be 5% higher year-on-year, maintaining the pace of growth seen in the third quarter. Strong cash flows in the final quarter of the year will result in year end net cash being strongly positive, Diploma said.

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Operating margins have eased in the second half of the financial year from the first half, but are still ahead of the prior year,

JH