Earnings release
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DIPLOMA PLC ● Diploma PLC , the international group supplying specialised products and services , today issues a trading update for the nine months ended 30 June 2021 . ● 12 CHARTERHOUSE SQUARE , LONDON EC1M 6AX TELEPHONE : +44 ( 0 ) 20 7549 5700 DIPLOMA PLC Q3 TRADING UPDATE STRONG Q3 - ON TRACK TO MEET OUR FULL YEAR EXPECTATIONS Year to date performance The Group's performance in the third quarter continued to be strong and in line with expectations . During the first nine months of FY 2021 : 22 JULY 2021 Underlying revenues increased by 11 % with very good trading trends in all three Sectors . Underlying revenues are ahead of pre - Covid levels , up 6 % over the same period in FY 2019 . Reported revenue growth was 42 % , reflecting a strong contribution from acquisitions . Windy City Wire continues to deliver an excellent performance . We continue to focus on managing supply chain pressures and a tightening labour market . Our operating margin remains on track with our full year guidance of towards 19 % . Strategy and acquisitions We continue to execute our strategy of building high quality scalable businesses for organic growth , with the positive performance in the period reflecting our revenue initiatives , a recovery in demand across our end markets , and the contribution from acquisitions . The Group's strong balance sheet provides flexibility for future acquisitions and , while we remain disciplined in our approach , we have an active pipeline of opportunities . Current trading and outlook Current trading remains strong . Our full year expectations are positive and unchanged and we remain confident in the Group's long term prospects . Enquiries : Diploma PLC - Johnny Thomson , Chief Executive Officer Barbara Gibbes , Chief Financial Officer Kellie McAvoy , Head of Investor Relations Our next scheduled update will be on 22 November 2021 , when we will release full year results for the year ending 30 September 2021 . Tulchan Communications - Martin Robinson Olivia Peters +44 ( 0 ) 20 7549 5700 +44 ( 0 ) 20 7353 4200 Further information on Diploma PLC can be found at www.diplomaplc.com www.diplomaplc.com REGISTERED IN ENGLAND . NUMBER 3899848 . 12 CHARTERHOUSE SQUARE , LONDON EC1M 6AX .