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Jul 24 2024, 08:13 IST/BST
Volution
Another solid update to prompt a modest upward revision to earnings estimates
- Sectors : Building products
- Companies : Volution
DAVY VIEW
A characteristic of Volution’s recent performance has been steady growth in earnings despite the unfavourable operating backdrop. The group’s latest update confirms this positive trait remains intact. The statement has revealed that earnings for the year to end-July 2024 are expected to be slightly ahead of market expectations. We expect to upgrade our EPS forecast by 1-2%, which indicates growth for the financial year overall will be circa 6%. Once again, this is another very solid update from Volution and helps justify the group’s rating.
