Volution (GB:FAN) has released an update.
Volution Group plc reports a robust pre-close trading update for FY24, forecasting adjusted earnings per share to slightly surpass market predictions, driven by strong UK residential revenue and operational excellence that has bolstered operating margins. Despite a challenging macroeconomic climate, the company has maintained growth and is well-positioned for acquisitions with strong cash generation and low leverage. CEO Ronnie George highlights the resilience of refurbishment activities and successful integration of recent acquisitions as key contributors to the company’s progress.
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