|
Volution Group PLC on Thursday raised its dividend as it said it expects to post annual adjusted basic earnings per share in line with consensus, as it reported a profit jump amid higher revenue. The Crawley, England-based energy efficiency and indoor air-quality solutions firm said pretax profit jumped 47% to £37.6 million in the six months ended January 31, from £25.7 million a year ago. Basic earnings per share were up 53%, to 14.5 pence from 9.5p. Adjusted pretax profit climbed 21% to £46.5 million from £38.6 million. Adjusted basic earnings per share rose 19% to 18.2p from 15.3p. Adjusted return on invested capital was 24.6%, lower than 25.0% a year ago. Revenue rose 22% to £228.7 million from £187.8 million. Volution announced an interim dividend of 4.0 pence per share, up 18% from 3.4p a year ago. Chief Executive Officer Ronnie George said: ‘The short to medium-term outlook for the group remains very encouraging, supported by favourable regulatory tailwinds and market dynamics. Whilst end markets remain uncertain, with for example the slower than expected recovery in UK construction volumes, our geographic diversity continues to provide resilience. The Nordic region, which has faced significant challenges in recent years, is showing encouraging signs of recovery, and demand for our decentralised heat recovery retrofit solutions in the Netherlands remains robust.’ He added that the board expects adjusted earnings per share for the current financial year ending July 31 in line with Bloomberg-cited consensus, of 35.8 pence, with a range of 35.0p to 36.5p. The consensus would be up 8.2% from adjusted basic EPS of 33.1p Volution had reported for financial 2025. The Peel Hunt consensus expects Volution to post adjusted basic EPS of 36p for financial 2026. CEO George said: ‘We are mindful of the recent heightened geopolitical instability, and we remain agile and proactive to the potentially changing conditions.’ Volution shares fell 3.2% to 604.00 pence each on Thursday morning in London. Copyright 2026 Alliance News Ltd. All Rights Reserved.
|
