Diploma PLC (LSE:DPLM)
£ 48.3 -0.20 (-0.41%) Market Cap: 6.47 Bil Enterprise Value: 6.92 Bil PE Ratio: 38.85 PB Ratio: 6.85 GF Score: 94/100
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Full Year 2024 Diploma PLC Earnings Call Transcript

Nov 19, 2024 / 09:00 AM GMT
Release Date Price: £41.74 (-7.98%)

Key Points

Positve
  • Diploma PLC (DPLMF) delivered strong financial performance with a 15% EPS growth and a 14% overall revenue increase.
  • The company achieved a 6% volume-led organic growth, demonstrating resilience in a challenging market environment.
  • Operating margins improved by 120 basis points to 20.9%, supported by accretive acquisitions and operational efficiencies.
  • Cash conversion was robust at 101%, with a strong balance sheet leverage of 1.3 times, well within policy limits.
  • Diploma PLC (DPLMF) declared a progressive dividend increase of 5%, reflecting confidence in sustained financial health.
Negative
  • The seals sector experienced only 1% organic growth due to customer destocking and market softness.
  • The automation segment faced challenges, leading to management changes and a need for improved execution.
  • Despite strong performance, the company acknowledged that the exceptional growth rate of Peerless is not sustainable long-term.
  • The healthcare environment for acquisitions has been slow post-pandemic, affecting potential growth in life sciences.
  • Inventory management improvements may not be sustainable long-term, with a target of 90% cash conversion being more realistic.


Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

DPLM.L - Diploma PLC
Full Year 2024 Diploma PLC Earnings Call
Nov 19, 2024 / 09:00AM GMT

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Presentation
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Unidentified_1 [1]
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All right, good morning, everyone. Welcome to Diploma's 2024 results update. Thank you very much for joining us. Thank you everyone online for joining us too. I'd like to start by saying a big thank you to the diploma group team sat over there for all their hard work in preparing for today and also to my diploma colleagues online for all their tremendous contribution to our success.

I'm joined of course, as usual by our CFO Chris Davis (Trades, Portfolio). And
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