Admission to Trading on the London Stock Exchange 23 June 2014

Volution Group plc is a leading supplier of ventilation products with primary markets in the UK and Northern Europe. We aim for our products to enhance customers' experience of ventilation by reducing energy, improving design and making them easier to use.
We operate through two divisions: the Ventilation Group, which primarily supplies ventilation products for residential construction applications in the UK, Sweden, Norway and Germany and ventilation products for commercial construction applications in the UK; and Torin-Sifan, which supplies motors, fans and blowers to OEMs of heating and ventilation products for both residential and commercial construction applications in Europe.

http://www.volutiongroupplc.com/home

Holding(s) in Company

Danske Invest FCP Luxembourg, Danske Invest Finland, lnvesteringsforeningen Danske Invest, Mercer QIF Fund PLC

7,300,000 shares



http://www.moneyam.com/action/news/showArticle?id=4887448

Financial Calendar

23 October 2014 2014 Preliminary Results
November 2014 Annual Report & Accounts published
December 2014 Annual General Meeting & Interim Management Statement
31 January 2015 Half-year end

16 Oct Liberum Capital 170.00 Buy

You seem to have an impressive array of successful shares dc. Do you go on fundamentals, charts or a combination of both? You don't have to answer this question - I'm just curious and always willing to learn at this game. :-)

Shares - The groups 12 Aug update puts revenue in the 12-month period at £121 million which represents an 18.2% increase on the previous year. Volution still looks cheap compared to a peer group of stocks with similar characteristics such as regulatory drivers, leading positions and high returns.

Holding(s) in Company


http://www.moneyam.com/action/news/showArticle?id=4908492

Preliminary Results


Financial highlights

· Strong growth. Results in line with expectations.

· Revenue in the year was £120.7 million, an 18.0% increase compared with the prior year.

· Revenue growth comprised of 3.2% organic revenue growth (5.2% on a like-for-like currency basis), with inorganic revenue growth of 14.8% as a result of acquisitions.

· Adjusted EBITDA increased by 19.8% to £28.5 million representing 23.6% of revenues (2013: 23.3%).

· The Group's reported pre-tax loss of £15.5 million (2013: loss of £4.2 million), was impacted by:

Ø Exceptional items totaling £7.8 million (2013: £2.8 million). These related primarily to acquisition costs and IPO costs incurred during the period.

Ø Amortisation and impairment of intangible fixed assets (customer base and trademarks) recognised at fair value on acquisition of the Group and of our subsidiaries of £13.1 million (2013: £10.1 million).

Ø The write off of unamortised cost from three refinancing exercises of £8.3 million (2013: £0.6 million).

Ø Finance expenses relating to the previous, higher level of gearing in the eleven months prior to listing.

· Net debt reduced by £129.8 million mainly as a result of the conversion of investor debt to equity and the repayment of some bank debt from the proceeds of the new shares issued.



Strategic highlights

· Acquisition of PAX in Sweden in August 2013, giving the Company a leading position in Swedish residential ventilation refurbishment market.

· Acquisition of inVENTer in Germany in April 2014; its integration is progressing in line with the anticipated timetable.

· Organic revenue growth was helped by an increase in new build residential systems sales in the UK, where the Group enjoyed an 11.2% growth.

· Strong demand for products, especially newer, higher value added ventilation systems.

· Major new project wins including the contract for Vent-Axia to supply Sentinel Kinetic Plus ventilation system units for the 414 apartments in the Saffron Square development in Croydon, London.

· The current financial year has started in line with our expectations.



http://www.moneyam.com/action/news/showArticle?id=4909350

12 Dec Liberum Capital 170.00 Buy

Trading Update

RNS


RNS Number : 9660Z

Volution Group plc

17 December 2014








Date: 17th December 2014



Volution Group plc - Trading Update



Volution Group plc ("Volution" or the "Group", LSE: FAN) a leading supplier of ventilation products to the residential construction market, and in advance of the Group's Annual General Meeting to be held at 11:00 a.m. today, reports on current trading.



The Group is comprised of the Ventilation Group - serving the UK, Nordic and German markets - and the OEM division, which trades under the Torin-Sifan brand.



Trading performance



Performance in the first quarter of our financial year has been in line with our expectations. We continue to see good levels of growth in our UK and Nordic Ventilation businesses, together with increasing demand for our higher value-added fans and systems. As described on 23rd October 2014, with our FY2014 results, overall sales in Germany declined, however, we have remedial actions in hand. In OEM (Torin-Sifan), sales of boiler spares have remained soft as a result of the unseasonably mild start to the winter. Group margins have continued to improve as a result of a more favourable product mix and price increases in the Ventilation Group, compensating the modestly lower overall organic revenue growth.



On a constant currency basis, Group revenue increased by 14.1% compared to the same period last year. On a reported basis, Group revenues increased by 11.0% to £33.1 million, after allowing for an adverse currency translation effect caused by the weakening of the Swedish Krone.



Organic revenue growth on a constant currency basis was positive at 1.0% (-1.1% lower on a reported basis), which comprised of 3.2% (0.6% on a reported basis) growth from our Ventilation Group and a contraction of 9.7% within our OEM division (-9.7% on a reported basis).



Within UK Ventilation, we saw strong growth in gross sales1 for the New Build Residential systems sector of 15% partly as a result of the increased penetration of central system ventilation for use in new housing applications. This sector continues to be buoyed by regular project wins examples of which we announced earlier this year for "Saffron Square" and "One The Elephant."



Financial position



Our financial position remains strong with continuing cash generation, resulting in a small reduction in net debt since the FY2014 year end.



Ronnie George, Group Chief Executive, commented:



"The Group has continued to perform well, with increased demand for our products and the benefit of the profitable acquisitions that we made in the prior year. We are taking action to address the temporary softness in Germany where we have appointed additional sales agents to help improve our sales effort, whilst in the OEM division we are developing our product offering to make us less dependent on boiler spares.

We continue to pursue attractive acquisition opportunities in the ventilation sector, and our expectations for continued overall growth at attractive margins in FY2015 remain unchanged."

-Ends-

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17 Dec Canaccord... 175.00 Buy
17 Dec Liberum Capital 170.00 Buy

Director/PDMR Shareholding

RNS


RNS Number : 1546A

Volution Group plc

18 December 2014








18 December 2014

Volution Group plc



Director Shareholding



Volution Group plc (the "Company", LSE: FAN), a leading supplier of ventilation products to the residential construction market, announces today that on 17 December 2014 it received notification that Mr Anthony Reading, Senior Independent Non-Executive Director of the Company, purchased 7,000 ordinary shares of 1 pence each at a price of 137.63 pence per share on 17 December 2014. The transaction took place in London.



As a result of this notification, Mr Anthony Reading holds 40,000 ordinary shares in the Company, which represents 0.02% of the Company's issued share capital.

Interim results



Financial highlights

· Results are in line with our expectations and ahead on a constant currency basis.

· Revenue in the 6 months was £64.3 million, a 10.6% increase (14.7% at constant currency).

· Revenue growth comprised of 0.5% organic revenue growth (3.8% at constant currency), with inorganic revenue growth of 10.1% (10.9% at constant currency) as a result of acquisitions.

· Ventilation Group revenue growth including acquisitions was 18.5% at constant currency, with a particular highlight being UK Residential New Build growth of 16.6%.

· OEM (Torin-Sifan) results declined as revenue fell due to a difficult end market for boiler spares during the mild winter.

· Adjusted Operating Profit increased by 6.8% to £14.0 million (11.2% at constant currency) a margin of 21.7% of revenues (H1 2014: 22.5%).

· The Group's reported pre-tax profit of £7.5 million (H1 2014: loss of £8.1 million) improved significantly, mainly as a consequence of lower finance cost of £1.3 million (H1 2014: £15.0 million).

· Continued strong cash generation reduced net debt to £31.4 million.

· Maiden interim dividend of 1.05 pence per share.



Strategic highlights

· Organic revenue growth was driven by a 16.6% increase in UK Residential New Build and strong growth in private UK Residential RMI supported through upselling and partially offset by a softer public housing market.

· Integration of inVENTer is progressing well with a number of new sales agent appointments in Germany already gaining traction with sales.

· OEM (Torin-Sifan) new EC/DC motorised impellor manufacturing site commissioned and operational in October 2014.

· In February 2015: New Group bank facility of £90 million, reducing gross debt and financing costs as well as providing more flexibility for potential acquisitions.

Interim dividend declaration and policy

· The Board has declared a maiden interim dividend of 1.05 pence per share. This dividend will be paid on 14 May 2015 to shareholders on the register at the close of business on 7 April 2015.

· Our dividend policy remains to target a dividend of approximately 30% of the Group's adjusted net income for each financial year.

23 Mar Liberum Capital 177.00 Buy

Shares - Volution has the war chest for acquisitions and looks undervalued, Liberum's Charlie Campbell sees the stock as a 'Buy' with a target price of 177p.

Acquisition
RNS
RNS Number : 3886K
Volution Group plc
16 April 2015





Thursday 16th April 2015



VOLUTION GROUP PLC

Volution Acquires Brüggemann Energiekonzepte GmbH

Extending our sales network in Northern Germany



Volution Group plc ("Volution" or "the Group" or "the Company", LSE: FAN), a leading supplier of ventilation products to the residential construction market, today announces that it has completed the transaction to acquire 100% of the shares in Brüggemann Energiekonzepte GmbH ("Brüggemann"), a leading supplier of decentralised heat recovery ventilation in the Northern area of Germany.



Brüggemann has an extensive list of and long term relationships with, installers and end user customers in the Hamburg and surrounding area of Germany. The acquisition of Brüggemann is expected to grow Group revenues by approximately €2 million p.a.

Commenting on this acquisition, Ronnie George, Chief Executive Officer, said:

"We are delighted to have completed the transaction to acquire Brüggemann. This addition to our ventilation operations will significantly extend our coverage in the Northern area of Germany around Hamburg. Decentralised heat recovery ventilation is an attractive market in Germany and we are pleased to bring this extra experience and knowledge into the Group to assist us with our plans for growth."

-Ends-

Acquisition
RNS
RNS Number : 6849S
Volution Group plc
10 July 2015





Friday 10 July 2015



VOLUTION GROUP PLC

ACQUISITION OF VENTILAIR GROUP INTERNATIONAL



Extending our footprint in Europe



Volution Group plc, through one of its wholly owned subsidiaries, ("Volution" or "the Group" or "the Company", LSE: FAN), a leading supplier of ventilation products to the residential construction market, today announces that it has signed an agreement for the acquisition of Ventilair Group International BVBA ("Ventilair") and its subsidiary operations in Belgium and the Netherlands1. The consideration for the acquisition is €16.3 million2 (approximately £11.6 million), on a debt free, cash free basis, to be funded from the Group's existing cash and banking facilities.

Headquartered in Kuurne, Belgium, Ventilair is a leading manufacturer and distributor of residential ventilation products, including centralised systems with heat recovery, primarily in the Belgian and Dutch markets. In the year ended 31 December 2014, Ventilair generated revenue of €14.3 million (approximately £10.2 million)3. The adjusted4 earnings before interest and tax were €1.5 million (approximately £1.1 million) and gross assets were €11.5 million (approximately £8.2 million), of which, €5.9 million relates to goodwill in Ventilair. The transaction is expected to be immediately earnings enhancing, and will be reported under Volution's Ventilation Group division.

Mr Kurt Declerck5, founder and owner of Ventilair, will step down from his role as Group Managing Director on completion of the transaction, but has agreed to support the integration of Ventilair into Volution during the period immediately following the acquisition.

The acquisition is expected to complete on 5 August 2015.

Commenting on the acquisition:

Ronnie George, Chief Executive Officer of Volution, said:

"We are delighted to sign this agreement to acquire Ventilair which has been a trading partner of Volution for approximately ten years. In that time it has developed into one of the leading ventilation providers in the Belgian market; focussing extensively on central system ventilation, mainly with heat recovery. The acquisition of Ventilair increases Volution's exposure to this growing market sector as well as widening the Group's existing product portfolio. This additional access to market and enhanced product range will greatly assist us in our future plans for growth."

Kurt Declerck, founder and owner of Ventilair, said:

"I am delighted to have completed the sale of my businesses to Volution, our preferred partner, and I am confident that Ventilair will continue to thrive and grow as part of this leading specialist ventilation group."



1 The transaction also includes the acquisition of a small legal entity in France (Ventilair SARL), a minor subsidiary of Ventilair Group.

2 The consideration includes the benefit of a negotiated two year rent free period to the value of €0.4 million and is subject to certain adjustments under an agreed completion accounts mechanism in the share purchase agreement.

3 If the business had been consolidated into the Volution Group for the year ended 31 December 2014 our Group revenues would have been increased by approximately £8.5 million after the elimination of sales from the Group to Ventilair on consolidation.

4 Volution uses some alternative performance measures to track the underlying performance of the business, such as Adjusted EBIT. The board considers that these measures which exclude exceptional and other unusual items give a more useful indication of the underlying performance of the business.

5 Kurt Declerck owns 96.3% of the shares in Ventilair, with his wife Els Feys owning the remaining shares.



-Ends-

Trading Update
RNS
RNS Number : 7747V
Volution Group plc
12 August 2015







For immediate release: Wednesday 12 August 2015



Volution Group plc

Trading Update

Strong top line growth, in line with expectations



Volution Group plc (LSE: FAN; "the Group"), a leading supplier of ventilation products to the residential and commercial construction market, today announces a trading update, following the completion of its financial year on 31st July, 2015.

Revenue in the 12 month period was £130 million a 7.9% increase compared with the prior year (12.4% on a constant currency basis). This comprised 1.0% organic growth (4.9% on a constant currency basis), with 7.5% the result of acquisitions (on a constant currency basis), including the acquisition of Brüggemann Energiekonzepte, completed in April 2015 and the full year effect of the acquisition of inVENTer in April 2014.


Organic growth was helped by an increase in new build residential systems sales in the UK where the Group enjoyed a 17.7% growth in sales for new house applications. The acquisition of Brüggemann in Germany, is being integrated into the wider Group; this integration is progressing well, in line with the anticipated timetable.

The Group continues to enjoy strong demand for its products, especially newer, higher value-add ventilation systems and quieter, more energy efficient fans, with several new products launched towards the end of the financial year 2015.



The full year results for 2015 will be announced on 16th October 2015.


Ronnie George, Chief Executive Officer of Volution Group plc, said:

"This has been another year of strong progress for the Group. In our first full financial year since listing on the London Stock Exchange in June 2014, we have delivered both organic and acquisition led growth. We are also delighted to have completed the acquisition of the Ventilair Group on the 5th of August 2015 and the process of integration and optimisation is progressing well.



In spite of the significant impact of largely translational currency headwinds, mitigated by revenue growth and further margin expansion, the Group expects its full-year results to be in line with the Board's expectations."



Ends

12 Aug Liberum Capital 180.00 Buy

Final results

Highlights



Financial:

· Results ahead of our expectations despite significant currency headwinds.

· Revenue growth of 7.9% (12.4% at constant currency) comprised of:

Ø Organic revenue growth of 1.0% (4.9% at constant currency).

Ø Inorganic revenue growth of 6.9% (7.5% at constant currency) mainly as a result of the full year effect of the acquisition of inVENTer in April 2014.

· Ventilation Group revenue growth was 10.0% (14.9% at constant currency) including UK Residential New Build growth of 17.7%.

· OEM (Torin-Sifan) revenue fell slightly due to a difficult end market for boiler spares during the mild winter.

· Adjusted operating profit increased by 10.9% to £29.4 million from £26.5 million in 2014 (18.8% at constant currency) a margin of 22.6% of revenues (2014: 22.0%).

· The Group's reported profit before tax of £15.5 million (2014: loss of £15.5 million) improved significantly, helped by lower finance costs of £2.0 million (2014: £21.2 million) and lower exceptional items of £0.7 million (2014: £7.8 million).

· Continued strong cash generation reduced year end net debt to £21.2 million (2014: £42.9 million).

· Final dividend proposed of 2.25 pence per share.

Final results

Financial highlights
·      Four acquisitions completed in the year broadening our geographic range and routes to market.
·      Revenue growth of 18.7% (18.6% at constant currency) comprised:
·      organic revenue growth of 3.0% (3.1% at constant currency); and
·      inorganic revenue growth of 15.7% (15.5% at constant currency) as a result of acquisitions.
·      Adjusted operating profit growth of 10.4% to £32.5 million (10.3% at constant currency).
·      As anticipated, adjusted operating profit margin declined by 1.6%, as a consequence of new acquisitions. Like-for-like adjusted operating profit margin improved by 0.2 percentage points to 22.8%.
·      Reported profit before tax of £18.4 million (2015: £15.5 million).
·      Net debt increased as a result of four acquisitions made in the year; adjusted EBITDA ratio of 1.0x.
·      Full year dividend of 3.80 pence per share, up 15.2%.
·      Adjusted EPS growth of 14.5% to 12.6 pence (2015: 11.0 pence).
 
Strategic highlights
·      We saw an increase in sales of high end products such as quiet, silent and energy-efficient fans and the launch of a range of app-controlled fans in the Group, driving organic growth.
·      Four acquisitions completed during the year with all integration activity progressing as anticipated:
·      Ventilair provides the Group with access to markets in both Belgium and the Netherlands.
·      Energy Technique (trading as Diffusion) complements the Group's leading position in the UK with its strong position in the niche market of fan coils for heating and cooling of both commercial and residential buildings. Diffusion sells mainly into the new build market.
·      NVA Services (trading as National Ventilation and Airtech) provides the Group with additional brands and routes to the UK market. It supplies ventilation products for both residential and commercial applications.
·      Welair, a small heat recovery manufacturer in Sweden, provides the Nordic business with a wider product portfolio and greater exposure to the new build market.
·      OEM (Torin-Sifan) revenue growth was assisted by growth in the Electronically Commutated (EC) motor sales category in both the heating and ventilation markets.

11 Oct
Canaccord...
205.00
Buy

11 Oct
Numis
184.00
Hold

11 Oct
Liberum Capital
200.00
Buy