Diploma is a decentralised, value-add distribution Group. Our businesses deliver practical and innovative solutions that keep key industries moving. We are a distribution Group with a difference. Our businesses have the technical expertise, specialist knowledge and long-term relationships to provide value-add products and services that deliver better outcomes for our customers and make their lives easier.
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Group CEO, Johnny Thompson, shares key messages from FY24 Full Year Results
“Our decentralised business model, characterised by its entrepreneurial spirit, accountability, and exceptional leadership, has been instrumental in delivering such a strong financial performance, with increasing resilience, even in challenging market conditions.”
David Lowden, Chair
“We have driven strong organic growth through end-market expansion, geographical penetration and product extension. The diversification of our portfolio brings resilience to Group revenue, enabling consistently strong performance even through a more challenging trading environment.”
Johnny Thomson, Group CEO
Organic growth is our priority. We drive organic growth in three 'buckets'. Complementary acquisitions accelerate organic growth at great returns.
Building effective scale is key. We develop our businesses and the Group to become better, not just bigger. This supports long-term delivery.
Our businesses are positioned for a transitioning economy and our sustainability framework, Delivering Value Responsibly, is embedded across our businesses.
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“Our business model and strategy are designed to support the delivery of ambitious organic growth, at high margins and with great capital returns. As a result, we have a long track record of delivering compounding earnings growth.”
Chris Davies, Chief Financial Officer
6%
(Model: 5%)
14%
(Model: 10%)
20.9%
(Model: 20%+)
15%
(Model: Double-digit)
101%
(Model: 90%)
1.3x
(Model: <2.0x)
19.1%
(Model: High teens)
5%
"It is our colleagues that make this business special. I am proud of the unique culture Diploma has and we will continue to create an environment where all of our colleagues can thrive."
Donna Catley, Group HR Director
Our businesses deliver products and services to their customers, including wire and cable, connectors, fasteners and adhesives; seals, gaskets, hose and fluid power sealing products; surgical and diagnostic equipment, consumables and instrumentation. We operate in core geographies of North America, Continental Europe, UK and Australia.
The Controls Sector businesses deliver a wide range of products for technically demanding applications across broad end markets, including aerospace, infrastructure, energy, medical and rail.
The Seals Sector businesses supply sealing and fluid power products and solutions into aftermarket repairs, Original Equipment Manufacturing (OEM) and Maintenance, Repair and Overhaul projects (MRO) across wide-ranging end markets.
The Life Sciences Sector sources and supplies technology-driven, value-add solutions across the in vitro diagnostics, scientific and medtech segments of the global healthcare market.
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1 On a pro forma basis as stated on pages 30 and 36 of the annual report