Half Year Results 

Diploma faces increased working capital demands

Diploma faces increased working capital demands

Diploma’s (DPLM) first update since the retirement of long-serving chief executive Bruce Thompson shows improvements in underlying revenues across all the business segments, with an overall constant-currency growth rate of 12 per cent. Adjusted EPS increased by the same margin, partly as a consequence of the overhaul of corporate tax in the US, while the group, a provider of specialised technical products, also managed to increase the underlying operating margin by 10 basis points to 17.3 per cent.

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